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Giving of loans

This query is : Resolved 
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(Querist)
10 February 2015
dear sir,
as per companies act 2013,is relative of director is eligible to take a loan from company? if yes/no please provide explanation with section.

please reply me soon....

thanking you sir.
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Nayak

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Nayak (Expert)
10 February 2015 As per Section 185 of the Companies Act 2013, Company can not give loan to director or any other person in whom director is interested.
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