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Company can give loan/advances to the director by:
Passing special resolution in general meeting of the company
Passing ordinary resolution in general meeting of the company
Passing Board resolution in Board meeting of the company
None of the above
As per section 185 of Companies Act, 2013, Company can directly or indirectly grant loan/advances to the director after taking prior approval of the shareholders by passing special resolution in general meeting of the company.
By: Vikas Goyal ProfileResourcesReport error
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