4D. director's financial dealings w the company Flashcards
1
Q
s163
A
Director cannot make loan/guarantee to another company which he is interested in 20% or more of the total number of equity shares in the other company
applies to lending coy incorporated outside of sg
2
Q
can foreign companies lend money to sg company which it has interest in.
A
not caught under 163
foreign company may lend or give security, subject to the law of its place of incorporation.
