Loan to director from pvt ltd co

Dhananjay (Director) (34 Points)

17 November 2010  


I am director in a Pvt Ltd co. This is a stand alone company and not a subsidiary of any PLC.

What are the applicable rules for getting loan from this company?

Is there any cap on amount that can be taken as loan?

Any limit the tenure?

Does the director have to pay any interest on this loan & if yes thn is there any guideline on what the interest rate should be?