Sec. 295
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2011
Dear Experts...
Can anyone explain me Sec. 295..
can company (both pvt.& pub.) give loan to Directors?
If Yes... is there any specific limit to give loan?
what is the procedure to take Central Government permission?
Can anyone explain me Sec. 295..
can company (both pvt.& pub.) give loan to Directors?
If Yes... is there any specific limit to give loan?
what is the procedure to take Central Government permission?
Sanjeeva Reddy
(Expert)
05 July 2011
Sec 295 is applicable to only Public Companies and to a private company which is a subsidiary of a public company.
The only condition is it has to get preior approval form Central Government and no limits on the loan amount.
Procedure to get Central Government approval is to file specified form with the ROC.
The only condition is it has to get preior approval form Central Government and no limits on the loan amount.
Procedure to get Central Government approval is to file specified form with the ROC.
Guest
Guest
(Expert)
07 July 2011
File the E-Form, Central government will give permission, if it deems fit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
