public company gives loan
Malobika Ghosh (112 Points)
31 July 2019
can a public company give a loan or financial assistance for the purpose of purchase of its share to a person?
2 Replies
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 31 July 2019
since question does not have relevant information. suggest to refer section 185 & 186 of companies act before giving loan to shareholders
Shivam RC
(Student)
(23683 Points)
Replied 01 August 2019
Nooo....
Refer Section 67 of the Companies Act 2013 "Restrictions on Purchase by Company or Giving of Loans by it for Purchase of its Shares".
Warm Regards.
Refer Section 67 of the Companies Act 2013 "Restrictions on Purchase by Company or Giving of Loans by it for Purchase of its Shares".
Warm Regards.
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