Tax deducted at source
This query is : Resolved
26 September 2008
Sir,
Can a director of a pvt ltd company bring in funds which he received as gift from his relatives as capital/secured loans and meet the expenses of the company?
Regards,
priya
Can a director of a pvt ltd company bring in funds which he received as gift from his relatives as capital/secured loans and meet the expenses of the company?
Regards,
priya
26 September 2008
Yes he can do..
but that money is only a share application money..
and resolutions regarding that has to be passed
but that money is only a share application money..
and resolutions regarding that has to be passed
26 September 2008
he can bring such money as loan from director to company.
26 September 2008
You can Bring as loan also but interest rates should be lesser or equal to
as mentioned in Companies Act
as mentioned in Companies Act
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