- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2
Dasistfact wrote:Just a small amendment. Loan agreement doesn't need to be signed by anybody else but director(you). If an accountant or any legal representative signs it- it's fine, if not- it shouldn't be a problem.
Directors Subordinated Loan Agreement is always between company and the director giving the loan. So director will sign on behalf of the company ( in capacity of authorized company officer) as well as on behalf of the Director (in personal capacity).Olasunkanmi wrote:
Legal agreement is an agreement between two or more parties, so the director cannot sign alone with Home Office requirement without the attestation of either a lawyer or an accountant. But the best person to attest should be a lawyer.
Hi. In presence of what lawyer the agreement should be signed? If it's signed in presence of an accountant, is it ok?MTZ510 wrote:
Directors Subordinated Loan Agreement is always between company and the director giving the loan. So director will sign on behalf of the company ( in capacity of authorized company officer) as well as on behalf of the Director (in personal capacity).
The agreement can be signed in presence of a lawyer to prove its legality.
Olasunkanmi wrote:@ sky_rise,
Investing the 50k fund is not just transferring it into your business bank account only, rather it is spending the money on your business and this could include; business running costs, staff salary (Director salary excluded) e.t.c.
If you initially transfer the funds into your business bank account before spending it, it is better to have a director's loan agreement between you and your business and the agreement should be attest to by a legal representative.
Since you have got your visa already, the source of the money might not be an issue as long as you have all the documents of what you used the money for in the business. But its better you also keep the source of the money for future reference, but the source wont be required during extension except if HO want to do some random check.