Loan to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2012
can a company give loan to its director?
07 June 2012
Hi
Yes, company can give a loan to directors.Read Section 295 of the Companies Act, 1956.
Yes, company can give a loan to directors.Read Section 295 of the Companies Act, 1956.
Message likes :
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07 June 2012
Public Company Can Not Given Loan To Director.
Private Company Can Given Loan To Director
Private Company Can Given Loan To Director
07 June 2012
Hi
Public company can give a loan to its director under section 295 of the Companies Act, 1956.
Public company can give a loan to its director under section 295 of the Companies Act, 1956.
Guest
Guest
(Expert)
07 June 2012
Public /Private co can give loan to director. But pls also check section 2 (22) (e) of the Income Tax Act, 1961 regarding deemed dividend.
Regards
Regards
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