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Q. > Please Help: Section 295 of co,s Act
Company- limited ( Public not listed)
want to give loan to an employee ( Who is relative of Director) amounting Rs. 1000000/- have to comply with Section 295???
1 Answers
answered Sep 07, 2012 by Akanksha Handa
Section 295 will be applicable only when the Company is Public limited and there is some related party relation.
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Comments
CA Sagar saraswat
07-Sep-2012 , 11:31:32 amno compliance , sec 295 is not applicable on pvt co.
Akanksha Handa
07-Sep-2012 , 03:42:01 pmSection 295 will be applicable only when company is public limted and some related party relation exist.