Sec 185 of co. act 2013
Hitesh Gupta (Student) (33 Points)
21 November 2015Hitesh Gupta (Student) (33 Points)
21 November 2015
VINAyak
(STUDENT)
(3 Points)
Replied 24 November 2015
YES , as per section 185 if any loan ,guaranteeor ,security is given to director or any other person on whom director is intrested, are prohibited.,
however if the company advances loan to director as a part of condition of service which are extended to all its employees or in the ordinary course of business advance are given or pursuance of any scheme approved by special resolution are not prohibited
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