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Section 185- loan loans to directors, etc.

This query is : Resolved 
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(Querist)
12 June 2018 I Want a clarification for section 185 as amended on 7th May 2018 as per Companies Amendment Act,2017

Regarding loan to a private company in which Director is interested section 185(2)

Whether We can pass a general resolution for that section or we need to pass SR for every transaction falling under this
Suppose I have 5 pvt companies in which I may give loan this year up to 1 cr. Then can i pass a general resolution or I need to pass SR for every transaction I do with these companies. Please guide
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 June 2018 One resolution per each recipient company.
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