Companies Act, 2013

Section - 185 - Loans to directors, etc.

[Loans to directors, etc.

185.(1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,-

(a)	-	any director of company, or of a company which is its holding company or any partner or relative of any such director; or
(b)	-	any firm in which any such director or relative is a partner.

(2) A company may advance any loan including any loan represented by a book debt, or give any guarantee or provide any security in connection with any loan taken by any person in whom any of the director of the company is interested, subject to the condition that-

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