https://www.taxtmi.com/circulars?id=11061 Companies may grant house building loans to managing directors and whole time directors without prior Central Government approval if the loans are made on the same terms and conditions as those applicable to the company's officers and employees; if no such officer scheme exists or the proposed loan falls outside those terms, prior government approval is required. en-us Fri, 20 Aug 1993 00:00:00 +0530 Mon, 20 Jun 2011 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11061 Companies may grant house building loans to managing directors and whole time directors without prior Central Government approval if the loans are made on the same terms and conditions as those applicable to the company's officers and employees; if no such officer scheme exists or the proposed loan falls outside those terms, prior government approval is required. Circulars Companies Law Fri, 20 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11061