Can director invest personal money for company without board resolution?

Querist : Anonymous (Querist) 11 May 2011 This query is : Resolved
I'm a director, and 95% shareholder.
Can I lend company my personal money as unsecured loan without board of resolution?

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?

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Heaven 2011 (Expert) 12 May 2011
No you can not because you will be an interested director within the meaning of Section 297 of the Companies Act 1956.

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