Ankit Vashistha (11 Points)
22 August 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 22 August 2018
No a company cannot give loan or advances to directors.
If a company contravene the provisions, it may be penalised Rs 5 lakh to Rs 25 Lakhs.
Director will also be penalised.
Santhosh Gundinahole
(Studnet)
(347 Points)
Replied 23 August 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
