hello friends..
whether loan taken by a public company from a pvt company having common director attract section 299 of the companies act or not.
RASHI
(article)
(56 Points)
Replied 24 August 2012
thanks.....that means even if director of public company not holding more than 2% together with others in the pvt co. in which he is a director than also diclosure of interest is to required to be given.
CAclubindia
