Giving of loans
This query is : Resolved
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.
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.
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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