advance to directors
This query is : Resolved
swapnal pawar
(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?
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.
Mohit Garg
(Expert)
11 February 2011
Ya, correctly said Follow Section 295 of the Act
udit sharma
(Expert)
11 February 2011
agreed with the experts....
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