director of a private company can give loan to company.
plzz give a brief details
Menu
director of a private company can give loan to company
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
Recent Topics :
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
- GST 16(2) notice
- Which GSTR-1 upload error do you hit most often?
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
- Foreign Assets reporting
- Build corpus in HUF
Related Topics :
CAclubindia
