Hi please help me that can directors of company provide loan and get loan from company.
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Loan From Director
Replies (3)
No, Director can't take loan from company. However, Director can deposit amount in company as a loan and only that amount can receive back from company.
Thanks sir
Director can provide loan to company if he give his declaration that the loan fund is his own fund not borrowed fund. further Director also get loan from company subject to the condition of section 185.
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