one of my company have only two director ,it wants to take loan loan from director .
my query is that
wheather it can take loan from director .as in board meeting interested director cannot participate. and such quoram failed for want of director .
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Interested director
Replies (3)
If the loan is interest free, one could argue that the director is not interested in the resolution. However, if interest is being paid, you will have to appoint additional disinterested director.
Hi,
My Query is the Director resigned from office on January 2014 and the company also accepted the Notice of Resignation. But the company did not file Form 32 under the Companies Act,1956 till March 28th. Now that the procedures changed the company is ready to file Form DIR 12. But the Issue is whether DIR 11 should be filed by the director who resigned ?? Is it mandatory to file both the forms in this case.. Please Suggest..
dir 11 is not mandatory .you should file only dir -12. for resignation
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