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Panduranga Rao (Manager Operations)     10 May 2010

Loan from company to Director of a Pvt. Ltd company

Would you please guide me about " giving loan from company to Director of a private limited company".....what is the procedure and implications of the same......please help me out in this regard.



Learning

 3 Replies

Kunal Khilnani (Service)     10 May 2010

I mere Board Resolution should suffice.

NITIN BHUSARI (PRACTICING COMPANY SECRETARY)     01 October 2010

IF LENDING COMPANY IS PUBLIC LIMITED COMPANY AND BORROWING COMPANY IS EITHER PUBLIC OR PVT. AND BOTH LENDING AND BORROWING COMPANY IS NOT SUBSIDARY OR HOLDING TO EACH OTHER THEN FIRST OF ALL BOTH COMPANY HAVE TO DRAFT ONE AGREEMENT OR MOU UPON TERM AND CONDITION OF LOAN AND HAVE TO SUBMITTED SAME MOU BEFORE EXTRA ORDINARY GENERAL MEETING. AND PASSED SPECIAL RESOLUTION.

 

IF ABOVE SITUATION NOT APPLICABLE THEN BOARD RESOLUTION IS ENOUGH.

 

ACS NITIN

 

bharath (Financila analyst)     23 May 2012

Sir,

if in pvt LTd Company  hav loan from one director . but my queri is last year increse in share capital from loan from director . but another director low balnce . so that time above director portion of amount transfered to another director . that time what agreement we requiered?

and please send me agreemnt between director ?

please giude me sir? help me

email  id : bharathkumar@eventtracker.com

 

Thanks,

bharat


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