can a public company give loan to individuals
This query is : Resolved
26 August 2010
can a public limited company give loan to individuals other than directors n promoters or employees n shareholders
Ankur Garg
(Expert)
26 August 2010
Yes
According to me it is possible through a board resolution. But the same activity should be supported by the object clause of Memorandum of Association.
Views of other experts solicited.
Thanks
According to me it is possible through a board resolution. But the same activity should be supported by the object clause of Memorandum of Association.
Views of other experts solicited.
Thanks
26 August 2010
Yes I do think so.
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