banner_ad

Company providing interest free loan from its OD account

Others 489 views 4 replies
User Avatar

Chartered accountant
172 Points Posted on 21 August 2023

Can a private ltd. company provide interest free loan to other person from its Overdraft Bank account?

Reply Share Follow
On 21 August 2023 at 11:48 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 21 August 2023
No... Company Can't give loan.
463 Reply
On 21 August 2023 at 14:40
User Avatar

Chartered accountant
172 Points Posted on 21 August 2023

Can you please quote the section?

Reply
On 21 August 2023 at 15:26
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 21 August 2023
Please go through sec 185
463 Reply
On 21 August 2023 at 15:34
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 21 August 2023
Originally posted by : RAJA P M
Please go through sec 185

with 185(4)

463 Reply
On 21 August 2023 at 16:40


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details