Sec 269
This query is : Resolved
20 December 2010
If the directors of a pvt ltd company bring in cash as unsecured loan,will it attract Sec 269?
Ajay Mishra
(Expert)
20 December 2010
Hi
Section 269 will not apply to private company unless it is subsidiary of public company.
Regards
Section 269 will not apply to private company unless it is subsidiary of public company.
Regards
CA Ayush Agarwal
(Expert)
20 December 2010
Yes Agreed With Ajay Sir
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