Grant loan against object clause

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consultant

567 Points Posted on 16 September 2010

Dear people,

A company (not being NBFC) granted loans to any person and the same is against its object clause as per my opinion....

i jst wanna know that is there any penalty under companies act if a company grant any loans...

please give me the details regarding this query along with applicable section.

thanx

Replies (1)

Posted on 10 June 2011

Yes it is possible...

Here is my idea

https://www.howtochooseit.com/loan.htm

I found this website very useful at the beginning. The tips from the experts of government helped me a lot.

U too try...

Thanks to howtochooseit.com team...

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