Loan To Director

[satyanarayan sharma]

If a Company Is Incurring Losses since last 3 Year and Its Share capital & reserve Has Already Wiped Off Than Can company give Loan to Its Director?

AI Summary

Company Facing Losses Can't Loan to Director Due to Depleted Capital and Reserves, Says Participant A user inquired whether a company that has been incurring losses for the past three years and has depleted its share capital and reserves can provide a loan to its director. The response from another participant indicated that, in their opinion, it is not possible for the company to extend such a loan under these financial circumstances.