Dear All,
Can a private company give a loan to another private company in which relative of director of lending company is a shareholder.
As in any other person category, in case of private company only Director or memeber is included.
Please advise.
Thanks
Yes, i dont think there is any problem in doing it.....
Yes, from lending company's perspective loan can be given subject to compliance of Sec.186.
Thanks Sir.
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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R P S K & Associates
Nashik
CA Inter
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CAclubindia
