Loan to director
This query is : Resolved
03 March 2014
can pvt ltd co give loan to its director even if he is not share holder of the company..
03 March 2014
Section 185 of the Companies Act, 2013 is applicable to a PRIVATE company also.
Section 185 PROHIBITS giving loan to a director by the company in which he is a director.
Accordingly a private company CANNOT give loan to its director.
Section 185 PROHIBITS giving loan to a director by the company in which he is a director.
Accordingly a private company CANNOT give loan to its director.
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