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Section 1952 of new companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2013 will the restriction apply on loan from directors.

im sori i mean Section 192
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Ajay Mishra

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Ajay Mishra (Expert)
11 November 2013 Section 192 deal with non cash item and it is not considered as loan.

If you are taking loan other than cash then section 192 will apply.

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