Can pvt ltd co. give loan to its director
This query is : Resolved
03 March 2014
Section 185 of the Companies Act, 2013 is also applicable to private companies.
Section 185 prohibits a company from giving loan to its directors.
Accordingly private company CANNOT give loan to its directors.
Section 185 prohibits a company from giving loan to its directors.
Accordingly private company CANNOT give loan to its directors.
09 May 2014
I agree with Siddhartha, no company can give loan to its directors subject to the exceptions provided in Section 185
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
