gurmeet (prop) 14 May 2018
If I am the director and Shareholder of the company, and further had given some loan to the company which had not been recovered within 6-7 years as 100% holding of the company is with me and with my relatives.
Will Limitation Act of 3 years for not recovering the said amount apply in my case?
Aswath G 14 May 2018
Since you are a director and share holder
Limitation act (individual Loan recovery act) not applicable
Aswath
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