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advance to directors

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(Querist)
10 February 2011 Can any one tell me public company give advances to it's directors, which sec. of Company law apply to it?
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
11 February 2011 A Public Company cannot make loan to its directors. Section 295 of the Companies Act deal with Loan to Directors.
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Mohit Garg

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Mohit Garg (Expert)
11 February 2011 Ya, correctly said Follow Section 295 of the Act
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udit sharma

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udit sharma (Expert)
11 February 2011 agreed with the experts....
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