Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Approval of Central Government under section 295 not required for purpose of grant of house building loan to managing directors/whole-time directors

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....ng directors/whole-time directors Section 295 of the Companies Act, 1956, prohibits a public company and a private company which is a subsidiary of a public company from making a loan to its directors, etc., without prior approval of the Central Government. This Department has formulated guidelines for the grant of house building loans by such companies to their managing director/whole-time direc....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Approval of Central Government under section 295 not required for purpose of grant of house building loan to managing directors/whole-time directors