Previous Lesson Complete and Continue  

  Q26. Refer to Sec 224 & 225 - Loan to Director & Person deemed connected to the Director a. Under Sec 224 - does it effectively mean that as long as the Member approved a resolution to provide loan to a working director (i.e. not related to discharging of his duties as director, not related to an employee loan scheme as exception provided under the Act) - this is now deemed valid under the definition of Sec 224?

Lesson content locked
If you're already enrolled, you'll need to login.
Enroll in Course to Unlock