Can a company give loan to individuals - Corporate Law [2]

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Can a company give loan to individuals

Page no : 2

Magus Professionals LLP (3 Points)
Replied 05 February 2019

As per my opinion and the interpretation of Section 183(3) of CA, 2013, the company can not give a loan to any person over the above the limit mentioned in the section (i.e. 60% or 100%).

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