ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Director Loan Agreement And Table 3b1

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha

Locked
aliii
Junior Member
Posts: 51
Joined: Thu Mar 17, 2016 11:55 am

Director Loan Agreement And Table 3b1

Post by aliii » Thu Mar 17, 2016 1:11 pm

Hi There
I have invested money in terms of Director's Loan and the money was transferred from personal Bank Account to Business Bank Account over the period of 3 years in multiple transactions and the final accounts of last three years states Director's Investment as follows:
2012-2013= £23,000
3013-2014=£44,000
2014-2015=£52,000

Now my question is Do I need to provide Director Loan Agreement before the first transaction was made to business account or on the Date when my last accounts was submitted stating Director has invested the total money of £50,000?

Can I also write in Table 3b1 in such format where Dates and amount is asked?
2012-2013= £23,000
3013-2014=£44,000
2014-2015=£52,000

Kind Regards,

moongesture
Member of Standing
Posts: 291
Joined: Sat Oct 13, 2012 1:06 pm

Re: Director Loan Agreement And Table 3b1

Post by moongesture » Thu Mar 17, 2016 1:17 pm

1) It has been defined previously that every agreement (logically) must be signed by concern parties before proceeding further and so that in this case.

2)Need to write exact dates for D/L transfer.

User avatar
zimba
Moderator
Posts: 23276
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Director Loan Agreement And Table 3b1

Post by zimba » Thu Mar 17, 2016 1:20 pm

aliii wrote:Hi There
I have invested money in terms of Director's Loan and the money was transferred from personal Bank Account to Business Bank Account over the period of 3 years in multiple transactions and the final accounts of last three years states Director's Investment as follows:
2012-2013= £23,000
3013-2014=£44,000
2014-2015=£52,000

Now my question is Do I need to provide Director Loan Agreement before the first transaction was made to business account or on the Date when my last accounts was submitted stating Director has invested the total money of £50,000?

Can I also write in Table 3b1 in such format where Dates and amount is asked?
2012-2013= £23,000
3013-2014=£44,000
2014-2015=£52,000

Kind Regards,
1. Any loan agreement is almost always drafted before the first transfer. However you can back date the loan agreement now.
2. Every transaction must be recorded in that table with the exact date and amount. If it does not fit, copy the table and continue in that page. It should match every transaction in your business bank statement
3. Please do not start multiple posts asking the same question
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

legendfar
Junior Member
Posts: 79
Joined: Fri May 08, 2015 5:30 pm

Re: Director Loan Agreement And Table 3b1

Post by legendfar » Thu Mar 17, 2016 4:01 pm

I have a question related to this topic
my wife is my company secretary , is it ok if she signs on behalf of the company and i sign as lender on director loan agreement ?

moongesture
Member of Standing
Posts: 291
Joined: Sat Oct 13, 2012 1:06 pm

Re: Director Loan Agreement And Table 3b1

Post by moongesture » Thu Mar 17, 2016 4:46 pm

Its depend what role is being given to company sectary as per company's memorandum & article of association but better not to take a chance and sign being a director of the company.

aliii
Junior Member
Posts: 51
Joined: Thu Mar 17, 2016 11:55 am

Re: Director Loan Agreement And Table 3b1

Post by aliii » Fri Mar 25, 2016 11:06 am

In Extension Form Once you give details in C4 about your current passport(the one I was granted T1 Ent visa on). Do I need to give details about previous passports in C6? As C6 only ask about any passport last leave was granted on OR used in last travel to UK. My last travelled was on my current passport which is already mentioned in C4.
So my question is do I still need to give details of all my previous passports in C6? Regards

Locked