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director of a private company can give loan to company

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director of a private company can give loan to company.
plzz give a brief details
Replies (4)

Directors and relative of directors of a private company can give loan to a private limited in which he is a director. However, the director shall give a decleration that the money which he has given by way of loan is from his own sources and not borrowed from any other person.

Is there a limit to how much loan a director can give to the company, if the sources of funds are directors own funds?

No limit...

if director is the sh holder of the company than what happened


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