Hi,
My husband died due to covid recently.
He was one of director and shareholder of the private limited company.
He was sole earner of the family.
1. My husband had taken a loan from his relative on his name and transferred to company . That amount is mentioned in the balance sheet under unsecured loan section.
Can the relative who knew about this, has the statment proof can avail this amount with intrest as per mutual agreement.
2. Since he was sole earner, we didn't get any thing from the company. They don't even have insurance.
Can we claim for compensation and medical bill reimbursement? If yes how much compensation can I claim as per law and medical expenses.
Is it based on director remuneration?
3. Is there link between his unsecured loan, directorship and shareholder?
Bcoz the managerial director mentioned if nominee want to continue her shares in the company , the unsecured loan shouldn't be taken back.
Can shares and directorship be inherited to his legal heirs
