Secured Loans from directors

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Trainee
32 Points Posted on 19 February 2011

I want to know whether a public listed company accept secured loans from its directors??

If yes what is the applicable section for the same and if yes any writing or circular is available for the same.

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On 19 February 2011 at 17:49 Report
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Advocate
33 Points Posted on 20 February 2011

Nope. loans from the directors or their relatives are consider as unsecured one. 

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On 20 February 2011 at 22:29

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