Loan to director or loan from director
This query is : Resolved
27 February 2015
1)Can Pvt. Ltd. Company issue loans to its directors.
2)Can a Pvt. Ltd. Company take a loans from its directors.
3)Can the same we adjust against the salary of the director.
2)Can a Pvt. Ltd. Company take a loans from its directors.
3)Can the same we adjust against the salary of the director.
02 March 2015
loan to director is prohibited except some exemptions
loan from directors is possible
yes it can be adjusted
loan from directors is possible
yes it can be adjusted
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