Interested director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2011
Can one tell me common independent director of both the companies can be considered as interested Director, while applying for the loan permission under Sec. 295 of the Companies Act, 1956.
Guest
Guest
(Expert)
24 September 2011
Yes, he will be considered as 'Interested Director'. Sec 295 will be attracted.
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