Sec 185 of cos act 2013
This query is : Resolved
NEETA AGARWAL
(Querist)
13 April 2015
whether loan can be given to the such private company where relative of the lending company is director?????????
Relative for the purpose of this section includes cousin brother also??????
Relative for the purpose of this section includes cousin brother also??????
Aditya Maheshwari
(Expert)
13 April 2015
Granting loan to a Private company where relative of the lending company is director is not prohibited by Section 185 provided the director does not hold any share in the borrowing company also.
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