Loan to Directors- Section 185

Monika Jain , Last updated: 27 March 2015  
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New Company law puts a complete prohibition on grant of loans to Directors and persons in which such directors are interested except a few exceptions. Further the section is applicable on all types of companies, be private or public. Section 185 prohibits the granting of loan or giving of guarantee

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Monika Jain
(CS)
Category Corporate Law   Report

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