Can a Public Company provide its Assets as Security for securing the Personal loan of a Director? Would the Section 295 attract?
Can a Public Company provide its Assets as Security for securing the Personal loan of a Director? Would the Section 295 attract?
yes see sec 299 also
yes it must be disclosed and section 295 ,297 and 299,300 may attract
regards
sripal jain
Does the company require CG approval in this connection? Which sub-section of 295(1) would be applicable?
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