Shabnam Siddiqui (Company Secretary) (152 Points)
29 June 2012Can a Public Company provide its Assets as Security for securing the Personal loan of a Director? Would the Section 295 attract?
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 29 June 2012
yes it must be disclosed and section 295 ,297 and 299,300 may attract
regards
sripal jain
Shabnam Siddiqui
(Company Secretary)
(152 Points)
Replied 29 June 2012
Does the company require CG approval in this connection? Which sub-section of 295(1) would be applicable?
CAclubindia
