A company can not give, woth obtaining prior approval of the cntrl govt, any loan directly or indirectly - - any director of company or its holding company - any partner or relative of such director - any firm in which such director or relative is a partner - an pvt co. of which any such director is a director or member. - any body corp., of which 25% or more of voting powers is controlled such director(s) - any bdy corp. the BOD/MD/manager where of is accostomed to act in accordance with the directions or instructions of the board or of any directors of the leading compoany !
i think this is sufficient, if u like to know further u can contact me on avdhesh19@gmail.com on facebook ! don mail me .. can send me a msg on facebook best o luck !
CAclubindia
