Loan and Advances

CA Kishan Kabra (CA) (173 Points)

02 July 2011  

Respected Sir,

Plz help me..

(1) If a private company taken a loan from their directors, than Board approval is required or not.

(2) If we are taking  loan from same director several times in a year, than every time board approval required or not.

(3) If a private company taking a loan from their members the board approval required for taking loan.

(4) What is the minium rate of interest and time Duration.