Loan from relatives of Directors

Amit Jain (Proprietor ) (537 Points)

23 January 2022

Whether there is any limit as per Companies Act'2013 relating to loan taken from relatives of director of Pvt. Ltd Company.

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3 Replies

Vishaal Vk (65 Points)
Replied 24 January 2022

You can check S. 185 & S. 186 of companies act..

Amit Jain (Proprietor ) (537 Points)
Replied 24 January 2022

My question is related to loan taken by Company but the above sections are related to loan given by company

Chirag (Professional) (1979 Points)
Replied 28 January 2022

No ,only declaration as applicable to director will mutatis mutandis applicable to relative also .

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