Special resolution for loans to directors ?

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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,

Replies (2)

Any responses, please.

Yes, it is possible in both cases, subject to compliance of Section 295.

 

 


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