LOAN TO DIRECTORS
Harshit Agarwal (46 Points)
15 September 2018Harshit Agarwal (46 Points)
15 September 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 16 September 2018
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;
Harshit Agarwal
(46 Points)
Replied 16 September 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 16 September 2018
Only loan is covered under expemtion. Hence company cannot give guarantee.
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance