Loan to Director
Rohit (student) (58 Points)
11 August 2016P.S :- Durectors are not shareholders.
Amit Kanunga
(Article Assistant and Post Gradute)
(644 Points)
Replied 12 August 2016
Provisions pertaining to giving loans by the company
Section 185:-
The section provides that no company shall directly or indirectly advance any loan to its director or to any other person in whom the director is interested or give any guarantee or provide security in connection with the loan taken by the director or any such other person. The term “any other person in whom the director is interested” includes firm in which director or his relative is partner and private companies in which the director may be director or shareholder.
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)