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A private company has taken a loan from bank against a Fixed Deposit which is in the name of the director of the company. Would this Fixed Deposit amount be treated as loan or deposit from the director to the company??

Fund raising

Posted By: Suresh 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Suresh

so the company does not have to pass any resolution for the same??

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Expert    Ankit Singhi

no it would not be

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