Chapter 7 (2) Flashcards
1
Q
A company cannot provide a loan to its director. But what are the EXCEPTIONS?
A
1
2
Q
Can a company give loans to other people that are CONNECTED TO ITS DIRECTORS?
A
2
3
Q
Can a company give loans to other people that are CONNECTED TO ITS DIRECTORS? (exceptions)
A
3
4
Q
Can company pay the director for the COMPENSATION FOR LOSS OFFICE?
A
4
5
Q
Can company pay the director for the COMPENSATION FOR LOSS OFFICE? (exceptions)
A
5