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Loan to director

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(Querist)
04 July 2015 Can a Company give loan to any Company in which the Dtrector's relative is a director or Member?


Regards & Thanks,
CS. Rachana Daga
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Ankur Garg

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Ankur Garg (Expert)
06 July 2015 Relative is covered under section 185. hence such loan will be covered under the provisions of section 185 and prohibited accordingly.

Review section 185 again.

Thanks

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