S&A Law Offices is a full-service law firm comprising experienced, well-recognized and accomplished professionals. S&A Law Offices aims to provide its clients (both domestic and international) with top-quality counsel and legal insights, which combines the Firm's innovative approach with comprehensive expertise across industries and a broad spectrum of modalities. Being a full-service law firm, we take pride in having the capability of providing impeccable legal solutions across various practice areas and industries and makes an endeavor to provide a 360 degree legal solution.
With registered office at Gurugram and other strategically located offices in New Delhi, Mumbai, and Bengaluru, along with associate offices across India, S&A is fully equipped to provide legal services on a pan-India basis.
Ministry of Corporate Affairs vide General Circular No. 04/2015 has clarified that loans and/or advances made by the Companies to their employees are not governed by the requirements of section 186 of the Companies Act 2013.
Ministry of Corporate Affairs vide General Circular No. 04/2015,
dated 10 March 2015 has clarified that loans and/or advances made
by the Companies to their employees, other than the managing or
whole time directors (which is governed by section 185) are not
governed by the requirements of section 186 of the Companies Act
2013. This clarification will, however, be applicable if such
loans/advances to employees are in accordance with the conditions
of service applicable to employees and are also in accordance with
the remuneration policy, in cases where such policy is required to
be formulated.
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