Loan to Director public limited company

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

Replies (2)
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.

Yes as per section 185(3) of the companies act, 2013
Only to MD or Whole Time Director !

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