Loan by a ltd. co. to an organisation under same mgmt.
This query is : Resolved
04 April 2014
Please Clarify whether as per the Companies Act 2013
A Ltd. Co. where all shareholders are relatives and directors are also relatives. Can the Ltd. Co. Advance any loan to an organisation where reltives of directors are partners?
A Ltd. Co. where all shareholders are relatives and directors are also relatives. Can the Ltd. Co. Advance any loan to an organisation where reltives of directors are partners?
05 April 2014
Prohibited by Section 185 of the Companies Act, 2013
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