ONE PERSON COMPANY LOAN
This query is : Resolved
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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.
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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