It's an exempted deposit u/r 2(1)(c) of companies (AOD) Rules , subject to declaration by director that means of lending are from his own pocket and not from borrowed funds ,So DPT -3 reporting if o/s as on 31/03 is required ,,secondly AOC-2 requires all kind of related party transactions whether in ordinary course or not or arms length basis or not ? So as per my view Loan from director should be mentioned in AOC-2 by keeping in mind transfer of resources,services and obligations etc and there is no harm as such ...