Is there any format for declaration for loan from director to a company?
Can declaration be taken prior to giving loan, if yes wil the declaration state.. I shall be lending the money?
Is date and place necessary in such declaration ?
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Declaration for loan fron directors
Replies (4)
No specific format required.. Only have to mention that the loan given is out of the saving and income earned and not by taking loan from others
Just 2 liner declaration that, This money is from his own fund.
1. Declaration shall be given before giving loan.
2. Practically date should be there on declaration.
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