section 185
Aman Bisht (88 Points)
09 July 2019
Can we give loan to directors in ordinary coarse of business at arms length?
2 Replies
rishi
(student)
(408 Points)
Replied 09 July 2019
company can give loan to whole time director and managing director, subject to other conditions mentioned in 185
Surin Mehta
(8 Points)
Replied 09 July 2019
Company which provides loans in the ordinary course of business can give loan to directors provided rate of interest is not less than prevailing yield of 1/3/5/10 years government securities closest to tenor of loan
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