Loan or advances given or taken from director or related co
This query is : Resolved
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%.
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
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
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