Loan to director
This query is : Resolved
CA Goutam Sharma
(Querist)
28 August 2014
i have gone through the provisions o loans to director in companies act 2013. I am under an impression that nothing regards to loan to a director of sister concern is given over there. Although it prohibits the loan to director of its holding company. Is my observation correct and if so, then is it an intentional loophole? please highlight any thing contrary, if any in any other section.
CS Divesh Goyal
(Expert)
29 August 2014
Yes u r rgt gautam.
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