LOAN TO COMPANY BY DIRECTOR'S COLLATERAL

Miss Mansi Bhojani (Practicing Chartered Accountant)   (1693 Points)

25 February 2020  

Date : 25.02.2020

Sir/ Madam,

I had a query regarding corporate law.

I needed a confirmation where can a director give his or her personal fixed deposits as collateral security in bank to get loan from the bank in the name of private limited company or are there any prohibitions ?

Thanks in advance.