Special resolution for loans to directors ?

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

24 July 2012  

I wish to have your views on a proposed stipulation in AOA of a company. A clause is proposed to be inserted in AOA that for giving loans to directors special resolution is to be passed in a general meeting. Can this be done.

Will the answer vary between a private and public company.

Regards,