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Section 301 reg. enteriesss

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2013 Please reply... Urgent Query....
I have to make an entry of loan taken from directors or body corporates in which directors are interested The company is listed company. I want to ask is it required to take approval of board or I have to directly make entry in register within 30 days and after then presented before board???? The loan is within the power of board u/s 292.

One more thing that interest paid to director or body corporates agains loan taken also require to enter in register??????
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
04 July 2013 Yes it has to be passed in BOD and the same has to be shown as loan from directors
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