Director Loans Overview
Track loans between directors and the company
Director Loans
Track loans between directors and your company, including repayments and DPT-3 compliance.
Loan Types
The system supports multiple loan types:
| Type | Description |
|---|---|
| Director Loan to Company | Director lends money to the company (most common) |
| Director Loan from Company | Company lends to director (Section 185 restrictions apply) |
| Bank Loan | Loans from banks or financial institutions |
| Credit Card | Credit card expenses and balances |
| Other | Other loan arrangements |
Key Features
- Loan Tracking: Record principal, interest rate, and outstanding balance
- Repayment Recording: Track principal and interest repayments
- DPT-3 Compliance: Monitor filing requirements for director loans
- Document Attachment: Link board resolutions and loan agreements
- Reports: View summaries and outstanding balances
Dashboard Overview
The Loans page shows:
- Total Outstanding: Sum of all active loan balances
- Total Principal: Original principal across all loans
- Total Repaid: Amount repaid with percentage
- DPT-3 Status: Compliance filing status
Getting Started
- Navigate to Loans in the sidebar
- Click Add Loan to record a new loan
- Enter loan details including type, director, and amounts
- Track repayments as they occur
- Update DPT-3 status when filed
Compliance Notes
- DPT-3: Director loans must be reported in DPT-3 form (due June 30 annually)
- Section 185: Loans from company to directors have restrictions
- Section 269T: Repayments over ₹20,000 must be through banking channels