who signs in an authentic Director's Loan Certificate?

samaygrg · Post by **samaygrg** » Thu Dec 12, 2013 10:10 am

Hello Forum Members

Please, advise me normally who signs the director's loan certificate and how we can have one?

Thank you.

ishfaqsangra · Post by **ishfaqsangra** » Thu Dec 12, 2013 10:52 am

samaygrg wrote:Hello Forum Members

Please, advise me normally who signs the director's loan certificate and how we can have one?

Thank you.

It could be Company's accountant,I guess as most of the forum gurus suggested.

rahulsingh1 · Post by **rahulsingh1** » Thu Dec 12, 2013 2:42 pm

how can the accountant sign a director loan agreement ????

its an agreement between the company and its own director..

now which one will an accountant sign for ?? company ? director ? the accountant is neither...

Princess of Ammi · Post by **Princess of Ammi** » Thu Dec 12, 2013 2:49 pm

Dear Sir,

an accountant sings it as a witness.

thanks,

rahulsingh1 · Post by **rahulsingh1** » Thu Dec 12, 2013 4:11 pm

i dont think any loan agreement has a witness signature ??

I have had loans taken from banks, there is nothing as witness there..

was this suggested by some accountant ?

ishfaqsangra · Post by **ishfaqsangra** » Thu Dec 12, 2013 4:42 pm

rahulsingh1 wrote:i dont think any loan agreement has a witness signature ??

I have had loans taken from banks, there is nothing as witness there..

was this suggested by some accountant ?

Sir,

Policy guidence says Director Loan Agreement be signed by legal representative so if a company has accountant authorised to take care of accounts and submit,he definitely need to sign it as a witness between Director and Company,and Director has to sign any way.

Olasunkanmi · Post by **Olasunkanmi** » Thu Dec 12, 2013 4:57 pm

@ rahulsingh1,

I have had loans taken from banks, there is nothing as witness there..

Business processes are completely different from personal issues, so taking personal loans is not the same as director loan.

The best person to sign on the director loan agreement to make it legal will be a lawyer who can perform notary service of making documents legal.

In my opinion the company's accountant could sign as well because, the accountant represent the business and could act as representative on account matters.

samaygrg · Post by **samaygrg** » Thu Dec 12, 2013 7:24 pm

Many thanks to all contributors of this streak, for your nice suggestions. This going to definitely help me.

Cheers

Olasunkanmi wrote:@ rahulsingh1,

I have had loans taken from banks, there is nothing as witness there..

Business processes are completely different from personal issues, so taking personal loans is not the same as director loan.

The best person to sign on the director loan agreement to make it legal will be a lawyer who can perform notary service of making documents legal.

In my opinion the company's accountant could sign as well because, the accountant represent the business and could act as representative on account matters.

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who signs in an authentic Director's Loan Certificate?

who signs in an authentic Director's Loan Certificate?

Re: who signs in an authentic Director's Loan Certificate?