General Studies · Companies Act 2013
When auditing a company, the statutory auditor finds that the entity has granted loans to its directors in violation of the prescribed regulatory permissions. Which section of the Companies Act, 2013 is primarily violated when a company directly or indirectly advances loans to its directors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Section 45-IA of the RBI Act, 1934
- 2Section 185 of the Companies Act, 2013✓
- 3Section 129 of the Companies Act, 2013
- 4Section 143(12) of the Companies Act, 2013
Correct answer
Section 185 of the Companies Act, 2013
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