Loan to Director public limited company

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CA
47 Points Posted on 26 April 2022

Can a public limited company give loan to its Directors / MD or whole time director?

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On 26 April 2022 at 22:26 Report
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Quick Summary
Public limited companies can indeed provide loans to their directors, specifically to Managing Directors (MDs) or Whole Time Directors. This is permitted under Section 185(3) of the Companies Act, 2013. The key distinction is that such loans are exclusively for these specific directorial roles.

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21 Points Posted on 27 April 2022
Yes as per section 185(3) of the companies act, 2013
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On 27 April 2022 at 10:50
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Professional
1979 Points Posted on 09 May 2022
Only to MD or Whole Time Director !
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On 09 May 2022 at 14:36

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