Board of Directors, or from all meetings of the Board for a continuous period of three months, whichever is longer, without obtaining leave of absence ... company of which he is a Director, accepts a loan, or any guarantee or security for a loan, from the company in contravention of section
which the loan has been made, (iv) the date on which the guarantee has been given or security has been provided in connection with ... giving of such guarantee or the provision of such security or in the case of any loan made, guarantee given or security provided before
such loan or any loan in connection with which any such guarantee or security has been given, or provided by the company, has been repaid ... company may have been called upon to pay by virtue of the guarantee given or the securities provided by such company. (10) If default
Section 1 in The Companies Act, 1956
1. Statement of Objects and Reasons.-
The object
Section 205 in The Companies Act, 1956
205. [ Dividend to be paid only out of
Section 165 in The Companies Act, 1956
165. Statutory meeting and statutory report of company
Section 372 in The Companies Act, 1956
372. [ Purchase by company of shares, etc., of
