Easy Office
LCI Learning

loan to director

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 March 2010 in a pvt. co. can we give a loan to director
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
31 March 2010 As per Sec.295 of The Companies Act, 1956.
Yes private company can give loan to Director unless it is a subsidiary of a public company.
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
31 March 2010 Agree with Expert.

As by virtue of section 295(2)(a)(1) provisions of section 295 are not applicable to a purely private company.

Regards
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS Vandana Kacholia

Profile Image

CS Vandana Kacholia (Expert)
31 March 2010 agree, a pvt. company can give loan to director
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
31 March 2010 Agree, sec.295 will not applicable to pvt. companies.

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


CCI Pro

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