Loans to directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2013
A company having liquid cash of Rupees one lakh wants to distribute it as loans and advance to its directors. Is there any complications involved in it?
28 January 2013
if your company is public then you will exempt from the compliacne of section 295 . compliance of sec 295 is mendate for public companies
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