Loan has been taken by private limited company directors and directors wife. What are the clauses applicable and is it allowed? Which sections are applicable?
Anandana N (CA Practice ) (68 Points)
06 September 2013Loan has been taken by private limited company directors and directors wife. What are the clauses applicable and is it allowed? Which sections are applicable?
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 06 September 2013
Section 297, 299 and 301 of the Companies Act, 1956 will be applicable...
CAclubindia
