Section 295
This query is : Resolved
04 October 2012
can a company give loan to the other partners of a relative of a director.
05 October 2012
You have not mentioned whether the concerned company is public or private - please note that section 295 and 296 do not apply to independent private companies. Secondly, the answer to your question is yes since this relationship is not covered in the list given u/s 295.
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