query regarding sec 295 (Loans to Directors)

Hello Amisha,

As per my understanding in your case section 295 loan to director is not applicable. The above situation is governed by section 372A as this is an Inter corporate Guarantee by the nature of transaction itself.

Further in the above mentioned case section 299, 300 and 301 are also applicable as the director is interested in the transaction.

Views of other learned memebers solicited.

Best Regards

Agree with Mr. Ankur Garg, Section 295 will not be applicable, only Section 372A, 299, 300 & 301 is applicable

yes , agree with Ankur sir and Uday .

372A provides for the limit. do chk tat.

Regards

Neeta

Thanks all.. special thanks to Mr. Ankur and Mr. Uday.

Regards,