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shubham (Querist)
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17 June 2011 sir
could u tell me that a loan taken by a pvt. co. from a partnership firm which is a sister concern of the co. comes under the purview of directors relative definition...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 June 2011 Absolutely no. For details refer section 6 and schedule 1A of the Companies Act,1956.

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