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loan from directors
plz provides condtions for loans from directors for a public limited company
Replies (2)
declaration from director that he has not borrowed that fund - to be obtained.
public company should obtain board approval for borrowing and file that resolution in mgt.14. if the borrowing limit exceeds sec 180 limit, then shareholder's approval also to be obtained.
public company should obtain board approval for borrowing and file that resolution in mgt.14. if the borrowing limit exceeds sec 180 limit, then shareholder's approval also to be obtained.
thans for such relevant information
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