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Can pvt ltd co. give loan to its director

This query is : Resolved 
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(Querist)
03 March 2014 can Pvt Ltd company Give Loan to its director..
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 March 2014 Section 185 of the Companies Act, 2013 is also applicable to private companies.

Section 185 prohibits a company from giving loan to its directors.

Accordingly private company CANNOT give loan to its directors.
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CS Brij Agnihotri Sharma

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CS Brij Agnihotri Sharma (Expert)
09 May 2014 I agree with Siddhartha, no company can give loan to its directors subject to the exceptions provided in Section 185
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