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unsecured loan from directors can be intrest free?

Posted By : KAMAL / Published on : 29-Sep-2022 07:45 AM / View : 385 / Comments : 0

Please confirm company can take unsecured loan from the directors and there relatives with zero rate of interest right ?

But while accepting deposit from directors, they must give a declaration to the company that the amount is their own money and not borrowed.

Please confirm if anything else need to be done ?

DPT-3 also need to be filed ?
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