FAQs on Section 185 along with planning

CA Nitesh Kumar More , Last updated: 13 May 2014  
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Q1:What are the prohibitions on sec 185? Ans: No company can directly orindirectlyadvance loan to itsdirectorsor toother persons in whom directors are interested. No company can give anyguarantee or provideany security in connection with any loan taken by him or such other person.

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Published by

CA Nitesh Kumar More
(Chartered Accountant)
Category Corporate Law   Report

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