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by tanvir1985th » Mon Dec 23, 2013 11:57 pm
dirctors loan account can be 2 types. first if u take money from business not in the form of salary or dividend. so u will be a debtor to business or u owe money to company. 2nd one u give money to company for whatever reason and u become a creditor for company or company owes to u. regarding yr question whether u have to show directors loan account if u have money in yr own account is that if u put money into company account then yes it has to be shown as a loan. this is the only legally u can call it. treatment is simple which will be cash debit and directors loan credit. but for this visa purpose u have to get it certified by a chartered accountant and u have to make an agreement with company which is simple keeping a minute. hope that answers the question
