Loan from Director interest free

Can director give interest free loan in private company where there is no repayment terms ?
Replies (2)
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.

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

Yes , he can.

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