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Requitement of resolution u/s. 188 of the companies act, 201

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(Querist)
09 December 2015 Do we need to pass Board Resolution u/s. 188 of the Companies Act, 2013 for Obtaining Loan from Director and repayment of Loan to Direcor ?

Plese help me out.
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Pratik Shah

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Pratik Shah (Expert)
09 December 2015 No..obtaining loan from Director does not come under the purview of Section 188.
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