HUGE LOANS AT LOW RATE TO DIRECTORS OF COMPANIES
Loans
given to Directors of private limited companies unless
they are subsidiaries of public companies are exempted from the
approval of the Central Government and, therefore, guidelines
issued for regulating loans given by a public limited company
to its Directors are not applicable.
This
information was given by the Union Minister of Law, Justice
and Company Affairs, Shri Arun Jaitley in a written reply to a
question from Shri A. Brahmanaiah in the Lok Sabha today.
