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    Loans to Directors

    Posted By : Sachin / Published on : 12-Mar-2021 07:32 AM / View : 395 / Comment : 0

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    Can a Private Limited Company give loans to its Directors.

    01. No other body corporate has invested any money in the Share Capital of the Company;
    02. The borrowings from Banks and Financials Institutions is less than twice the Paid Up Share Capital of the Company; and
    03. The Company has not defaulted in repayment of such borrowings.
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