banner_ad

loan from director

186 views 4 replies
User Avatar

Renuka
26 Points Joined April 2015
Can a company take loan from its director?
Also can he hold shares in the company?
1 Reply Share Follow
On 30 March 2018 at 17:18 Report
Replies (4)
User Avatar

11 Points Joined January 2018
Yes directors can give loan if he holds share
Reply
On 30 March 2018 at 17:28
User Avatar

0 Points Joined May 2017
what if director does not hold shares? i think it does not matter whether he/she hold shares, Co. can accept loan from Director(s)
Reply
On 30 March 2018 at 20:36
User Avatar

no
20 Points Joined April 2012
No, A co. can't give loan to Director. It is strictly prohibited u/s 186. However, a co. can give loan to members by passing BR in BM.
Reply
On 01 April 2018 at 13:21
User Avatar

24 Points Joined December 2015
Is it mandatory that the director giving loan to the company should hold shares?
Reply
On 08 April 2018 at 14:39

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details