Menu
Loan from Directors
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)
Quick Summary
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.
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.
Recent Topics :
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
Related Topics :
CAclubindia
