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Loans to Directors Are Prohibited by Company Law, With Penalties and Exemptions

Posted on September 10, 2022December 12, 2022 By admin No Comments on Loans to Directors Are Prohibited by Company Law, With Penalties and Exemptions
Loans to Directors Are Prohibited by Company Law, With Penalties and Exemptions
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Financially motivated, nonviolent crimes committed by businesses and government employees are known as white-collar crimes or corporate crimes. These are the type of crimes committed by respectable individuals, holding enviable positions, either in private or public entities. A director’s job is to represent stakeholders and protect their interests. The company is expected to be guided … Read More “Loans to Directors Are Prohibited by Company Law, With Penalties and Exemptions” »

Guide to Loans to Directors Under Section 185

Posted on September 10, 2022December 12, 2022 By admin No Comments on Guide to Loans to Directors Under Section 185
Guide to Loans to Directors Under Section 185
loan to directors

Specifically, the Company Act of 2017 (“Amendment Act”) has completely replaced the original section 185 of the Companies Act of 2013 (the “Amendment Act”) regarding Loan to Directors. As a result of replacing this section, section 185 limits the amount of advance or guarantee companies are permitted to make or guarantee loans, and those who … Read More “Guide to Loans to Directors Under Section 185” »

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