Can a employee give a loan to company...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2012
Please guide,
can a employee of a private company give a loan to company i.e. employer...
Thanks in advance....
can a employee of a private company give a loan to company i.e. employer...
Thanks in advance....
Ajay Mishra
(Expert)
09 February 2012
Yes they can do so.......the provision of section 295 is not applicable to private company.
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