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Loan to Directors

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(Querist)
29 April 2010 Whether any sum of amount can be paid to whole time directors as loan/ imprest
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Ankur Garg

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Ankur Garg (Expert)
29 April 2010 Yes you can pay with the previous approval of Central Govt. in a Public company u/s 295.

Section 295 loan to director not applicable to a private company.
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Professional Careers Academy

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Professional Careers Academy (Expert)
29 April 2010 agreed with ankur..
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