Loan from Director interest free

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104 Points Posted on 01 July 2022
Can director give interest free loan in private company where there is no repayment terms ?
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On 01 July 2022 at 11:17 Report
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Quick Summary
Directors can indeed provide interest-free loans to their private companies, even without explicit repayment terms. This is permissible under specific exemption notifications issued by the relevant authorities. It's important to ensure your company falls within the scope of these exemptions to comply with regulations.

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CA
682 Points Posted on 01 July 2022

Yes directors can give such kind of loan, provided your company is covered under the exemption notification issued in this regards

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On 01 July 2022 at 16:14
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Chartered Accountant
86505 Points Posted on 01 July 2022
Yes , he can.
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On 01 July 2022 at 20:30

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