Loan to Directors
Abir santra (Accountant) (42 Points)
16 June 2018
Can a Private limited company issue loan to director? Please mention section as per Companies Act
1 Replies
Manish S Thingalaya
(student)
(430 Points)
Replied 16 June 2018
Loan to Directors, etc.
185. (1)Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested or give any guarantee or provide any security in connection with any loan taken by him or such other person:
185. (1)Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested or give any guarantee or provide any security in connection with any loan taken by him or such other person:
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