Dear All,
Can a private company give a loan to another private company in which relative of director of lending company is a shareholder.
As in any other person category, in case of private company only Director or memeber is included.
Please advise.
Thanks
Yes, i dont think there is any problem in doing it.....
Yes, from lending company's perspective loan can be given subject to compliance of Sec.186.
Thanks Sir.
CAclubindia
