director of a private company can give loan to company.
plzz give a brief details
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director of a private company can give loan to company
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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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