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of <h1>Loans to Employees Exempt from Section 186 of Companies Act, 2013 if Aligned with Company Policy.</h1> The Ministry of Corporate Affairs clarifies that loans and advances granted by companies to their employees, excluding managing or whole-time directors, are not subject to the provisions of Section 186 of the Companies Act, 2013. This exemption applies if such loans or advances adhere to the conditions of service applicable to employees and align with the company's remuneration policy, where such a policy is necessary. This clarification follows multiple inquiries regarding the applicability of Section 186 concerning employee loans and advances. The directive is issued with the Secretary's approval.
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