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?
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
