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Snehaa (Officer - secreterial)     13 July 2012

Loan to director by a pvt co.

What are the Compliances to be made by a Private Co. when it gives loan to its Director?

Your views are invited.

Thanking you in advance.

 2 Replies

Anish Thakur 7018812737 (advocate)     14 July 2012

according to me a company whether it is of public or private sector,can not issue loan to his director.

Jai Karan Nagwan (consultant)     15 July 2012

Clause applies to limited companies. Ltd company need to follow the provision of section 295 and rule 10. Loan can be granted to director with prior approval of central govt. (RD).

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