can a company give loan to director ?
if yes how much n how?
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section 185
Replies (1)
The Company cannot give loan to Director.
As explicitly stated by the Section 185(1) of the Companies Act 2013
185 (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,—
(a) any director of company, or of a company which is its holding company or any partner or relative of any such director; or
(b) any firm in which any such director or relative is a partner.
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