Hi,
Someone may please do the needful :
ABC Private Limited has taken Unsecured Loan Rs.10 Lacs from a Director.
Query 1
Whether the declaration to be obtained from the director for his own funds only?
Ans : .........................
Query 2
If the director has availed loans from (outside) third party and given the amount to company as unsecured loan,
what type of declaration to be obtained?
Ans : .........................
Query 3
Kindly provide me a format for the declaration to be obtained from the director for the above two options as in Query 1 and Query 2.
Thanks.
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