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 ?
Dear All,
A real estate company has taken advance from its customers on which no interest is payable, will it be treated as deposit as per the Companies Act, 2013.
Is it allowed or need to comply the provisions of Section 186 ?
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notification
after
another
loan
As per section 180 is Exempted for private companies,
Therefore, in a private company the share holders and directors can give unsecured loan to private company ?
In annual DPT-3 filing, there is option to mention loan form directors and relatives of directors.
So in a family business (Pvt Company) father and mother are directors as well as share holders and children's are shareholders. So if children's give loan to company and father is also give loan to company, is it children's loans fall under loan from relatives of directors Or it come under loan from shareholders.
Please clarify ?
company
limited
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sahreholders
If an NRI Director has given a loan to a private limited company on non repatriation basis, then also do we need to submit any documents to RBI? What is the time limit for that?
Loan from Shareholders under Deposit Rule 73(2) is allowed subject to some conditions ? if yes please share.
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Forwarded:
Please confirm if any US holding company can transfer fund (Idle Fund) to its Indian subsidiary company for Investment in India through Bank FDR etc.
If Yes, then what is the procedure?
If no, then what legal alternatives we can use to transfer such idle fund in India to earn some Income.
subsidiary
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permission
The company abc is giving intercorporate loan to another company xyz in excess of the limits stated in the section 186 of the companies act 2013.
We need to conduct BM to set a threshold limit and thereafter conduct EGM. Approving the limit in excess of limit specified in section 186 with the consent of members.both the Company has same directors.
1. Now my concern is the ceiling limit of loan is 50 lacs and loan given to company is 20 lacs. Do we need to mention both the amount in mgt 14. Or only the ceiling limit need to be mentioned in Form.
1. Is board resolution sufficient for the loan given to the company amounting 20 lac. Do we need to mention about the loan portions every time we grant loan to the company within the limit I.e. 50 lac.
2. Do we need to file mgt 14 everytime for providing loan within the limit of rs. 50 lac. Or if one time approval from shareholders are sufficient?
3. Board resolution is needed for providing loan and interest rate in parts till the ceiling limit is attained while granting loan
Please clear:-
Can a Nidhi company give loan to its Directors if directors are not the members of the Nidhi Company?
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Someone please share the Sample of Project Report For availing Bank Loan
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Can anyone provide me with a CA Certificate Format for DPT-3 Loan from Shareholders ?
shareholders
loan
filing
format
certificate
Dear Members,
Is there any limit on the Company for obtaining loans from its directors?
