Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Companies Misapplying for Government Approval on Loans to Public Ltd Cos; Only Required Under Companies Act Sections 295(d) & 295(e.</h1> The Ministry of Corporate Affairs has observed that companies are seeking Central Government approval for loans, guarantees, or securities provided to Public Limited Companies where directors are also directors or members, even when not required by Section 295(d) or 295(e) of the Companies Act, 1956. Companies should only apply for approval if these specific provisions are applicable. Applications must clearly outline relevant facts to ensure compliance with the Act.
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