banner_ad

Loan from Directors

307 views 2 replies
Since a private company has a very low CIBIL score, the bank is agreeing to give loan in the name of a director based on the company's performance. Can this loan be recorded in the company's name? Please guide me with reference to deposit rules.
Replies (2)
A company can take loan from its director but the director has not borrowed that money from anywhere.
And in that case Director will submit a declaration with the Company that amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others.

Many people occasionally encounter unexpected financial situations. I am no exception, I also had financial problems. A credit campaign can help you find the best payday loans if an unforeseen financial situation arises. These payday loan companies not brokers, provide loan selection services to help you find payday lenders. You can apply at any time.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

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 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details