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Loan to director

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(Querist)
03 March 2014 can pvt ltd co give loan to its director even if he is not share holder of the company..
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 March 2014 Section 185 of the Companies Act, 2013 is applicable to a PRIVATE company also.

Section 185 PROHIBITS giving loan to a director by the company in which he is a director.

Accordingly a private company CANNOT give loan to its director.

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