Loan from director
This query is : Resolved
20 May 2016
A Listed Company took a loan from its Director through another Private Company in which he is also a director. Is this transaction comes into related party transaction? Please also refer the relating law.
Thanks in advance.
Thanks in advance.
23 May 2016
No, it is not the related Party Transaction.
Kindly refer section 188(1), which describes the transactions as the Related Party Transactions
Kindly refer section 188(1), which describes the transactions as the Related Party Transactions
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