Loans from Directors
This query is : Resolved
Rishi Vyas
(Querist)
11 February 2009
What are the various provisions of IT Act and Companies Act which are applicable to Loans (Not Deposits) from Directors
Neha Singhi
(Expert)
11 February 2009
Section 295 of Companies Act governs loans from Directors.
Rgds
Neha
neha@nehasinghi.com
(www.nehasinghi.com)
Rgds
Neha
neha@nehasinghi.com
(www.nehasinghi.com)
Rishi Vyas
(Querist)
11 February 2009
Madam
Thanks for the reply.
But I think Sec 295 relates to loans TO directors and not FROM directors.
Anyway I have a further query.
If a Public Ltd. Co, borrows from its directors then is there any limit prescribed for the interest to be paid to directors by the company.
Thanks for the reply.
But I think Sec 295 relates to loans TO directors and not FROM directors.
Anyway I have a further query.
If a Public Ltd. Co, borrows from its directors then is there any limit prescribed for the interest to be paid to directors by the company.
Dhirajlal Rambhia
(Expert)
26 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
