Harshit Agarwal (46 Points)
15 September 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 16 September 2018
Company can give loan to a managing or whole-time director – (i) as a part of the conditions of service extended by the company to all its employees; or (ii) pursuant to any scheme approved by way of special resolution;
Harshit Agarwal
(46 Points)
Replied 16 September 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 16 September 2018
Only loan is covered under expemtion. Hence company cannot give guarantee.
CAclubindia
