Please Help: ACCEPTANCE OF LOAN BY PRIVATE LIMITED COMPANY
Posted Date : 13-May-2017 , 03:53:27 pm | Posted By: Ankit
Category :
Corporate Law | Answers :
0|
Comments :
1| Hits: 746
|
|
CAN HUF GIVE LOAN TO PRIVATE LIMITED COMPANY IF DIRECTOR IS KARTA OF THAT HUF? ALSO HUF IS SHAREHOLDER OF THAT COMPANY. |
 |
|
|
|
| Comments |
| Posted By : Nitish Aggarwal |
16-May-2017, 12:02:30 |
| Rule 3(1)(viii)
Yes, can accept, but the director or relative of directors will give a Declaration in writing that money is not given out of borrowed funds and company will disclose it in the Board's report. |
| |
|
|
|
|
