HAI
CAN A DIRECTOR CAN BECOME KARTHA OF AN HUF?
IF YES WHETHER THE HUF CAN GIVE LOAN/PROVIDE GOODS OR SERVICES TO THE COMPANY IN WHICH ABOVE KARTHA IS DIRECTOR?
THANKYOU IN ADVANCE.
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Director as kartha and accepting loan from huf
Replies (2)
| Originally posted by : siva andhavarapu | ||
 |
HAI CAN A DIRECTOR CAN BECOME KARTHA OF AN HUF? IF YES WHETHER THE HUF CAN GIVE LOAN/PROVIDE GOODS OR SERVICES TO THE COMPANY IN WHICH ABOVE KARTHA IS DIRECTOR? THANKYOU IN ADVANCE. |
 |
Yes
he can but while doing the transaction he has to disclose his interest as per section 184
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