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    Section 77 of the Companies Act, 2013

    Posted By : Sohil / Published on : 19-Sep-2022 05:34 AM / View : 55 / Comment : 0

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    Dear Friends,

    A company purchased a motor vehicle in the name of a director of
    the company. It is also the co-borrower of the loan taken for the said
    purpose. Does this transaction fall under the ambit of the provisions
    of section 77 of the Companies Act, 2013 ?

    What difference would it make if the loan was taken only in the name
    of the director but the payment was made by the company ?
    Read more on : companies section

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