Companies act

This query is : Resolved 

Avatar

Querist : Anonymous

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

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query