04 May 2011
> no limit for loan to directors in a pvt ltd company only one is that it should be within the power of Board specified in sec. 292 of companies act, 1956. if loan amount is beyond the power of Board than pass Special resolution > ya an public co. can also give loan to its director aftyer complying with the provision of sec. 295 of companies act, 1956 > no limit of cash to be held as cash in hand.......
CAclubindia
