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Loan from director

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512 Points Joined October 2018
can a director advace a loan to company by taking it from outside parties
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On 19 November 2020 at 23:42 Report
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Accountant
3662 Points Joined May 2018
Yes.....
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On 20 November 2020 at 00:52
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non
126 Points Joined July 2010
Director can only give loan to the company but a can not taken the loan from related parties.
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On 20 November 2020 at 09:49
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512 Points Joined October 2018
Kindly quote the relevant section
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On 20 November 2020 at 11:19
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Partner
1072 Points Joined December 2009
Pl see rule 2(1)(c)(viii) of Companies (Acceptance of deposit) Rules 2014.
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On 21 November 2020 at 17:14
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Professional
1979 Points Joined December 2017
No, From Borrowed Fund ,Director Can't do because it will fall under deposit.
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On 27 November 2020 at 17:25

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