banner_ad

Loans by directors

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 January 2017 Whether a company can take loan from Director's HUF? Is Director's HUF covered in the definition of relative or does it imply a relation between the members of HUF?
Profile Image

CS JAY GOHIL

Profile Image

CS JAY GOHIL (Expert)
05 January 2017 YES COMPANY CAN TAKE LOAN FROM DIRECTOR'S HUF. U/S 2(77) HUF IS INCLUDE IN RELATIVES.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 January 2017 Section 2(77) allows members of HUF to give loan and not the HUF?
Since it is written that "they are members of HUF"
Profile Image

CS JAY GOHIL

Profile Image

CS JAY GOHIL (Expert)
05 January 2017 YES MEMBERS CAN GIVE LOAN NOT HUF.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details