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Loan to director and section 185

CS Manohar Mishra , Last updated: 06 November 2015 Share Follow on Google News

The word Loan is nowhere defined under the Companies Act, 2013. In common parlance it means giving certain sum of money, to a person or body corporate, for a certain period of time at a Interest rate and on upon the request of the borrower. Section 185 of the Companies Act, 2013: Pursuant to the

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About the Author

CS Manohar Mishra

Professional

Mr. Manohar Mishra is a qualified Company Secretary and an Associate Member of the ICSI. He is a Commerce Graduate from Calcutta University. He can be contacted at: csmanoharmishra @ gmail.com

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