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Director loan as per companies act 2013

This query is : Resolved 
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(Querist)
04 March 2015 Can a director take Rs.12400000 from its company to purchase personal property as per companies Act 2013??
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
05 March 2015 no it is strictly prohibited for give and loan or provide guarantee from company to director section 185 of companies act 2013
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CA Parul Saxena

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CA Parul Saxena (Querist)
05 March 2015 Can company A make transaction with company B (Sister concern of A) for stock transfer or sale and purchase of goods as per companies act 2013??

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Can director give loan to 'Company'??
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