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Clarification with regard to section 185 and 186 of the Companies Act, 2013 - loans and advances to employees reg.

Companies Law - 04/2015 - Dated:- 10-3-2015 - General Circular No. 04/2015 No. 1/32/2013-CL.V Government of India Ministry of Corporate Affairs 5th floor, 'A' wing, Shastri Bhavan New Delhi - 110001 Dated: 10/03/2015 To All Regional Directors .....

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s by Companies to their employees. 2. The issue has been examined and it is hereby clarified that loans and/or advances made by the companies to their employees, other than the managing or whole time directors (which is governed by section 185) are n .....

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