Urgent regarding whether Director can give interest free rate to private company?

Please confirm the same as soon as possible

There seems no such provision which restricts a Director to give interest free loan to the Company so yes Directors can give interest free loan to the Company.

Thanks for the reply... We just have to get a declaration from director that  he is giving loan to company out of his funds and then we have to report  it in directors report  and in notes to accounts as well we have to show it as unsecured loans? 

It will be unsecured loans

and reporting in Form DPT-3 will also required to be done for any single borrowing of the Company on or before 30th June of each year. 

Okay it means if director gives loan to company  then company have to file this form