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Loan to a director

Prakash Yadav (6 Points)

31 August 2021

Can a company give loan to a director?

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Chirag (Professional) (1979 Points)
Replied 01 September 2021

Generally No, but Subjectively Yes, follow riders under Section 185, which is only to MD/WTD and shareholders approval ,this section not applicable to certain classes of cos

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