If a director of a private limited company has given loan to his company, will it be recorded in register maintained by the company under section 301 of the companies act 1956 and is there any provision related to this contained in section 299?
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Provision under section 299 and 301
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Yes, loan give by director will be recorded in the register maintained by company under sec 301 of company's act 1956.
Yes, loan give by director will be recorded in the register maintained by company under sec 301 of company's act 1956.
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