Hello everyone,
I want to know what are the implications of giving loan to a director's wife of a Pvt. ltd company, who is also a shareholder in that same company. Should interest be charged and what are the other implications out of it??
Plz reply soon..
Thanks in advance..
Interset would be charged on such advance
interest should be charged on this loan ,
interest free loan to director or relative of director who is subsidial interest from the copmay is against the company act
CAclubindia
