Loan which is taken from the directors by the company
This query is : Resolved
15 May 2015
Whether the Loan which is taken from the Directors by the Company during the F.Y. 2014-15 required to be filed in Form-MGT-14 or not.In which declaration has been taken from the Directors that Loan was given by the Director from his own funds and whether Board Resolution is required to be passed every time we have taken the Loan or we can pass one Board Resolution in the end of the year for the whole amount which was taken during the year .
16 May 2015
mgt - 14 is not required.
it is advisable to pass board resolution every time when new amount of loan will be taken
it is advisable to pass board resolution every time when new amount of loan will be taken
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