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 ?