- 354876 Views
- 04 Jul 2018
- Priti Singh
- Companies Act 2013, Corporate Law, Articles, Compliance,
Dear Professional Colleagues,In Accordance with section 185 of 2013 Act, a company cannot provide loan, guarantee or security to any of its directors or to any other person whom the director is interested. The term “person in whom the director is interested” was that a company cannot even give a loan to its subsidiary or Joint Venture companies. The 2017 Amendment Act replaces the cur......