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Can a pvt.ltd. company loss set off with directors loan, Corporate Laws / SEBI / LLP

Issue Id: - 108486
Dated: 24-4-2015
By:- Ramesh Prasad

Can a pvt.ltd. company loss set off with directors loan

Contents

Dear All Expert,

ABC pvt. ltd. company have loss ₹ 50,00,000 and Directors loan outstanding ₹ 40,00,000.Can we set off the loss with directors loan and carry forward the loss ₹ 10,00,000 (50,00,000 - 40,00,000).What are related sections of company laws in this regard.

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 25-4-2015
By:- MARIAPPAN GOVINDARAJAN