director's loan

This query is : Resolved 

07 February 2017 whether director can avail loan from any bank by pledging companies property(fixed asset)?If yes, what all documents need to be furnished by company.

07 February 2017 No, a Director Can't take Personal Loan or Loan in his/her own name by pledging the Assets, which r in the name of the company.

07 February 2017 could you please provide me with the section which restricts the same.


07 February 2017 Section 185 restricts Company to give loan, give guarantee or provide security to the Director or the persons in which directors are interested.



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