Loans to workers

Prachi Kaushike (Querist) 13 September 2014 This query is : Resolved
Can a private limited company give loans to its worker?

under which law?

At what rate of interest?

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Advocate. Arunagiri (Expert) 13 September 2014
Academic Query.

Sudhir Kumar, Advocate (Expert) 13 September 2014
come with facts of case.

Sudhir Kumar, Advocate (Expert) 13 September 2014
repeated

http://www.lawyersclubindia.com/forum/Loans-to-workers-109050.asp#.VBQqV1eO5G0

Anirudh (Expert) 13 September 2014
Which law authorises / permits you to put this query in this LCI?

Rajendra K Goyal (Expert) 13 September 2014
Repeated academic query.

Advocate. Arunagiri (Expert) 13 September 2014
Mr.Anirudh,
I like it.

Sudhir Kumar, Advocate (Expert) 13 September 2014
New style of response of Mr Anirudh is well remarkable.

Advocate. Arunagiri (Expert) 13 September 2014
Wow, the list of fans to Mr.Anirudh is getting increased.

Kumar Doab (Expert) 13 September 2014
Repeated academic query.

HR/CA/CS should preferably avoid to handle maters that pertain to Labor Law/Service matters and have legal implications.
Many employer want HR/CA/CS to meddle into such matters probably……………………. to save money……………………..however such matters be politely sent for counsel handling Labor Law/Service matters and legal cell………………………………….

The employee should understand that employer would want a shoulder to fire and a chest to take the bullet.

Hope it is sufficient.

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