Post
by aby00156 » Wed Apr 08, 2015 10:26 am
Hi Atif,
Let me explain you the requirement in simple points hope this helps you.
1. A director’s loan to the company will be considered for the award of points (investment) as long as it is unsecured and subordinated in favour of third-party creditors.
2. Director’s loans however are permitted to remain in a bank account and considered as investment, provided the loan is not called in.
3. The Transfer of money should be done first and then only the expenses will be considered as investment.
For eg:
You spend 10K on employees or any thing after than you are transfering 50k in your business account then that 10k will not be considered as investment. ViceVersa If you transfer 50K in your bank account first and then you pay 15K as expenses or anything then this 15K will be considered as investment.
4. you can transfer money into your business account in parts as well but you need to show all the legal document of the transfer such as Director loan agreement, Account statements showing your name and companies names etc.
So verily, with every difficulty, there is relief.