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<h1>Loans to employees excluded from section 186 when granted under service conditions and applicable remuneration policy.</h1> Loans and advances by companies to employees, other than managing or whole-time directors, are not governed by section 186 of the Companies Act, 2013. Such advances are permissible provided they conform to the employees' conditions of service and, where applicable, to the company's remuneration policy. Loans to managing and whole-time directors continue to be governed by section 185.