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    Related party transactions

    Posted By : Sohil / Published on : 01-Sep-2022 06:05 AM / View : 141 / Comment : 1

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    Dear members,

    Whether unsecured loans to directors are covered under related party transactions as per section 188 ?
    Read more on : transactions party related

    • Hello Sohil,

      Unsecured loans to directors are not covered under the related party transactions as per section 188 of the Companies Act, 2013.

      For this, a specific section mentioned in the Companies Act 2013 (i.e. 185).

      So, In this Situation section 188 doesn't apply.

      Hope it will help You!!

      ThankYou!!

      05-09-2022 / 05:43:43 AM
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