Directors loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2011
1. What is the limit for loan to directors in a pvt ltd company?
2. Is it possible to give loan to directors in a public limited co?
3. what is the limit of cash to be held as cash in hand?
Kindly resolve my queries
Thanking your
2. Is it possible to give loan to directors in a public limited co?
3. what is the limit of cash to be held as cash in hand?
Kindly resolve my queries
Thanking your
Pravin Gupta CS
(Expert)
04 May 2011
> no limit for loan to directors in a pvt ltd company only one is that it should be within the power of Board specified in sec. 292 of companies act, 1956. if loan amount is beyond the power of Board than pass Special resolution
> ya an public co. can also give loan to its director aftyer complying with the provision of sec. 295 of companies act, 1956
> no limit of cash to be held as cash in hand.......
> ya an public co. can also give loan to its director aftyer complying with the provision of sec. 295 of companies act, 1956
> no limit of cash to be held as cash in hand.......
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