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27 September 2023 Dear All,

Can One person company (OPC) accept or give loan to its directors or relative of direcors?

Thanking You
Nirmal Dave.

30 September 2023 In terms of provisions of section 185 of the Companies Act, 2013, a company is not allowed to provide any loan (including a loan represented by a book debt) to: its director; or. director of a holding company; or. Any relative or partner of such director;

02 October 2023 Thank You Sir for your valuable reply.

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