hello friends..
whether loan taken by a public company from a pvt company having common director attract section 299 of the companies act or not.
3 Replies
RASHI
(article)
(56 Points)
Replied 24 August 2012
thanks.....that means even if director of public company not holding more than 2% together with others in the pvt co. in which he is a director than also diclosure of interest is to required to be given.
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