Can a director take loan from private limited company ???

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TAX CONSULTANT
1070 Points Posted on 26 July 2014

CAN A DIRECTOR TAKE LOAN FROM PRIVATE LIMITED COMPANY ???

 

IS THERE ANY LIMIT AND IF YES HOW TO CALCULATE ???

 


 

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On 26 July 2014 at 10:51 Report
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CA & CS
308 Points Posted on 26 July 2014

Yes director can take loan from company but company has to follow provisions of section 185.

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On 26 July 2014 at 10:55

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