Companys act 2013
This query is : Resolved
Jay Parekh
(Querist)
20 May 2014
Can a Pvt Ltd Co give loan to directors if interest on such loan is paid by directors from time to time as per section 185 pf CA 2013
20 May 2014
No. As per section 185 of the new Companies Act 2013 loan can not be given to Director be it Pvt Ltd company or PublicLLtd company unless it is under the terms of employment or given in the regular course of business.
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