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Can the Board pass a general resolution u/s 186 of Companies Act,2013 specifying the max. amount of loan that can be granted by the company to its employees, instead of passing specific board resolution everytime on case to case basis as it creates very much practical difficulties?

Section 186- Loan and investment by company.

Posted By: Kanika gupta 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

Yes company can pass general resolution for maximum amount of loan that can be granted subject to the limits prescribed under section 186 of the Act

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