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Loan by a ltd. co. to an organisation under same mgmt.

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(Querist)
04 April 2014 Please Clarify whether as per the Companies Act 2013
A Ltd. Co. where all shareholders are relatives and directors are also relatives. Can the Ltd. Co. Advance any loan to an organisation where reltives of directors are partners?
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SHAKTI JINDAL

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SHAKTI JINDAL (Expert)
05 April 2014 Prohibited by Section 185 of the Companies Act, 2013

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