Easy Office
LCI Learning

Loan or advances given or taken from director or related co

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2012 whether it allowable for a unlisted public company or private company to make loan or take loan or advance from related company or from directors at 0%.
Profile Image

Unnikrishnan

Profile Image

Unnikrishnan (Expert)
30 July 2012 Sir,

Compliance with Sec 295 of the companies Act is required for loans in case of Public Co.

Prior approval from RD is required before you can go ahead with the transaction

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links