Whether a Public limited company can grant loan to public?
Loan granted to Public by a public company
Jayakrishnan (Articled Assistant) (35 Points)
16 October 2009
Jayakrishnan (Articled Assistant) (35 Points)
16 October 2009Whether a Public limited company can grant loan to public?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 21 October 2009
Yes, it can provided giving loans is covered in is Objects Clause of Memorandum and the co. is registered with RBI as NBFC under RBI Act.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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