Director's Loans

Hi,

Just a quick technical question.

If a company is "Capitalised" with 4 Million Baht when opened (let's suppose it was a "paper only" capitalisation and no funds were really transferred) and that company needs Director's Loans to cover operating costs (Salaries etc) which are made in cash from the Director to the company - can the company repay those loans to the Director as part of it's expenses (i.e. the money paid back would be an expense and therefore that amount does not count towards profits).

Thanks.