Can a company give loan to individuals

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As per my opinion and the interpretation of Section 183(3) of CA, 2013, the company can not give a loan to any person over the above the limit mentioned in the section (i.e. 60% or 100%).
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As per my opinion and the interpretation of Section 183(3) of CA, 2013, the company can not give a loan to any person over the above the limit mentioned in the section (i.e. 60% or 100%).


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