Please specify compliances of unsecured loans taken from directors by pvt co.
Please specify compliances of unsecured loans taken from directors by pvt co.
1) Check borrowing limit of the company u/s 180
2) Take declaration from director that the amount is not being given out of borrowed funds
3) Pass Board resolution in meeting for borrowing
4) File MGT.14 with ROC
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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