Grant loan against object clause

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)

 

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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