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Saturday, March 28, 2015. SECTION 185 of Companies Act, 2013 Loan to Directors. Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This section is more restrictive than that of old Companies Act, 1956. Section 185 prohibits any company from giving loans, guarantees and securities in favor of its directors or to any other person in whom the director is interested in. Explanation46.

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Vishal Pachisia

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Saturday, March 28, 2015. SECTION 185 of Companies Act, 2013 Loan to Directors. Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This section is more restrictive than that of old Companies Act, 1956. Section 185 prohibits any company from giving loans, guarantees and securities in favor of its directors or to any other person in whom the director is interested in. Explanation46.

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This web page vishalpachisia.blogspot.com states the following, "Saturday, March 28, 2015." We saw that the webpage said " SECTION 185 of Companies Act, 2013 Loan to Directors." It also said " Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This section is more restrictive than that of old Companies Act, 1956. Section 185 prohibits any company from giving loans, guarantees and securities in favor of its directors or to any other person in whom the director is interested in."

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