Document background
The Loan Agreement Between Director And Company is a crucial document in Singapore corporate practice, typically used when a company requires additional funding and a director is willing to provide it. This arrangement must strictly comply with Singapore's Companies Act 1967 and corporate governance requirements, particularly regarding disclosure and approval processes. The agreement serves to protect both parties by clearly documenting the loan terms, interest rates, repayment schedule, and any security arrangements, while ensuring transparency and compliance with regulatory requirements. It's particularly relevant for private companies and startups where traditional financing may be less accessible or desirable.
