Please Help: Section 295 of co,s Act
Posted Date : 06-Sep-2012 , 01:52:16 pm | Posted By parul
Company- limited ( Public not listed)
want to give loan to an employee ( Who is relative of Director) amounting Rs. 1000000/- have to comply with Section 295???
want to give loan to an employee ( Who is relative of Director) amounting Rs. 1000000/- have to comply with Section 295???
Category : Corporate Law | Answers : 1 | Comments : 2 | Hits : 237
Answers
Answer By: Akanksha Handa
Section 295 will be applicable only when the Company is Public limited and there is some related party relation.
Comments
CA Sagar saraswat
07-Sep-2012 , 11:31:32 amno compliance , sec 295 is not applicable on pvt co.
Akanksha Handa
07-Sep-2012 , 03:42:01 pmSection 295 will be applicable only when company is public limted and some related party relation exist.