Unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2013 A unsecured loan was taken from promoter director...now the director is dead.What would be the consquence

23 August 2013 Hi

No consequences, you return the amount as per agreement to his/her legal heir.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2013 No Agreement Sir,, what we should do now?

24 August 2013 If you don't have any agreement, then, as and when the company decide to pay such loan then return it with his legal heir.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2013 Thanks for ur reply

24 August 2013 My pleasure.........


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