Which section of Companies Act 1956 focus on loan to directors or relatives or associated entities ........

Management (RBI) Corporate Governance

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Which section of Companies Act, 1956 focus on loan to directors or relatives or associated entities

225

295

205

275

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Explanation:

Under the Companies Act, 1956 the provisions relating to Loan to directors by a Company were governed by Section 295 of the Companies Act, 1956. Section 295 of the Companies Act, 1956 had a wide scope and for the purposes of Section 295 of the Companies Act, 1956, there was no distinction between the loan and deposit.