Can a company give a loan to a director of Public Ltd Co. for further studies outside India?
Section 295 will attract in this case too? please advice
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 11 April 2012
Why are you doubtful regarding applicability of section 295 in this case?
Yes section 295 will apply.
Tx
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