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Companies act

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Querist : Anonymous (Querist)
20 April 2014 A Private Company can accept loan from its directors?if yes what are the consequences
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 April 2014 receiving loan from directors is not an issue. giving loans is not allowed except to managing director. please refer section 185 of the Companies Act 2013
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