Can director invest to company without interest?

This query is : Resolved 
 


Querist : Anonymous (Querist)
12 May 2011

I'm a director, and 95% shareholder.
Can I lend company my personal money as unsecured loan without board of resolution?
It is not with interest, I don't get any proffit from comapny.
I invest money for runnning company when capital is less.
Is it wrong?

Money come from my foreign saving account to my Indian saving account, and I transfer from Indian saving account to current account. In this situation, Do I have to inform to RBI?




Dr. Imran Ahmad, MOZA (Expert)
09 October 2011

Sorry to comment:
What is the impression of your question do you understand?
Give me money I will buy your services from that Co. and will keep some percentage as business.
My best Regards Sir.

Shailesh Kr. Shah (Expert)
09 October 2011

Can I lend company my personal money as unsecured loan without board of resolution?

Ans. Board resolution is essential to obtain unsecured loan.

it is not with interest, I don't get any proffit from company.
Ans.: Its OK!

I invest money for runnning company when capital is less.
Is it wrong?
Ans.:Its not wrong.


Shailesh Kr. Shah (Expert)
09 October 2011

Money come from my foreign saving account to my Indian saving account, and I transfer from Indian saving account to current account. In this situation, Do I have to inform to RBI?


Ans.:please elaborate full facts about this.



You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :









×

  LAWyersclubindia Menu