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Can director Took Loan from Company

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(Querist)
17 February 2022 whether director can take loan from Company.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 February 2022 The loans to MD or WTD may be given only if the following conditions are met with:-
– Where it is part of the Policy of Service of the company to grant loans to all employees.
– Pursuant to any scheme which is duly approved by the members by way of a Special Resolution

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