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Section 185 of companies act 2013

This query is : Resolved 
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(Querist)
07 April 2014 Can a Public Limited Co. give loans to its director or its related party
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SHAKTI JINDAL

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SHAKTI JINDAL (Expert)
09 April 2014 No a Public Limited Company cannot give loans to its directors or its related party, unless it is a part of the conditions of service extended by the company to all its employees or pursuant to any scheme approved by the members by a special resolution.
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