292. CERTAIN POWERS TO BE EXERCISED BY BOARD ONLY AT MEETING

[naresh kumar]

whether section 292 is also applicable on private company

when loan given by a private co. to a firm(in which director is a partner of a firm)

then what formalities should follow by a private company and firm

??

AI Summary

Does Section 292 of Companies Act Apply to Loans by Private Firms Involving Director Partnerships? A discussion was initiated regarding whether Section 292 of the Companies Act applies to private companies, specifically when a private company gives a loan to a firm where a director is a partner. The query sought to understand the formalities required for such transactions. The response indicated that the Companies Act, 2013 is now in force and suggested reviewing it for guidance, inviting further queries if doubts remain.