Question ID : 758
INTEREST FREE LOAN TO A COMPANY BY A SHAREHOLDER
Can a shareholder advance ter free loan to a private limited company? If so will there be any deemed come the hands of the shareholder. The shareholder is payg ter to the bank.
Will the nature change if the money is deposited as a deposit with the company by the shareholder?
Will givg ter free loan,deposit contravention of the companies Act? What are the rules this regard. '
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