https://www.taxtmi.com/circulars?id=53253 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. en-us Tue, 10 Mar 2015 00:00:00 +0530 Wed, 11 Mar 2015 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53253 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. Circulars Companies Law Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53253