In position of Director, he can give loan to company, there is no violation.
Yes, it will be exempt. You may also refer FAQs on Companies Act 2013 issued by ICSI in last month for same reply.
https://www.icsi.edu/portals/0/FAQS%20ON%20THE%20COMPANIES%20ACT%202013.pdf
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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