LOAN TO MEMBERS

Yes ! An Unlisted Public Limited co. can give loans to its members under section 186, provided:
- Co had not defaulted in repayment of existing loans.
- Boards approval(if within 60% of paid up capital+Free Reserves+ Sec Premium OR 100% of Free Reserves + Sec Premium a/c WHICH EVER IS MORE.
- Co. to disclose full particulars of loan given in financials.
- Rate of Interest shall not be less than existing Govt Bond rates.
-Co to maintain register containing particulars of loan given.

hope I have addressed your question.

Regards

Thanks for your command

what about a listed company like RIL

I don't know