Loan to m.d. of a pvt ltd co.
This query is : Resolved
25 December 2013
If a Pvt Ltd Co. wants to give loan to it's M.D.is there a bar under Sec 185 of the New Companies At 2013.or whether this sec applicable to Pvt Ltd Co?
25 December 2013
Section 185 applies to pvt ltd company as well.
So a pvt ltd company can't give loan to its MD except in those situations covered in the proviso (a) and (b) of the said section.
So a pvt ltd company can't give loan to its MD except in those situations covered in the proviso (a) and (b) of the said section.
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