Company can give loan to a managing or whole-time director – (i) as a part of the conditions of service extended by the company to all its employees; or (ii) pursuant to any scheme approved by way of special resolution;
Only loan is covered under expemtion. Hence company cannot give guarantee.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
CAclubindia
