Pursuant to the provisions of section 185(1) of the Companies Act, 2013 no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken
source https://www.caclubindia.com/articles/loan-to-directors-section-185-of-companies-act-2013-46117.asp
source https://www.caclubindia.com/articles/loan-to-directors-section-185-of-companies-act-2013-46117.asp
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