where company had defaulted in PMT of Deposit/it Interest
can it give loan Any Person?
( no other problem except above)
3 Replies
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 08 October 2017
No as per clause 8 of Section 186, a comapny if defaulted in payment of dues on deposits , cannot give Loan. ml
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