{"id":81760,"date":"2023-11-29T12:29:28","date_gmt":"2023-11-29T06:59:28","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=81760"},"modified":"2023-11-29T12:29:30","modified_gmt":"2023-11-29T06:59:30","slug":"section-378zk","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378zk\/","title":{"rendered":"Section 378ZK. Loan, Etc., To Members"},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-81760' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378zk\/#easy-footnote-bottom-1-81760' title='Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).'><sup>1<\/sup><\/a><\/span>[378ZK. Loan, etc., to Members.&#8211;<\/strong>\u00a0The Board may, subject to the provisions made in articles, provide financial assistance to the Members of the Producer Company by way of&#8211;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(a) credit facility, to any Member, in connection with the business of the Producer Company, for a period not exceeding six months;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(b) loans and advances, against security specified in articles to any Member, repayable within a period exceeding three months but not exceeding seven years from the date of disbursement of such loan or advances:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that any loan or advance to any director or his relative shall be granted only after the approval by the Members in general meeting.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>[378ZK. Loan, etc., to Members.&#8211;\u00a0The Board may, subject to the provisions made in articles, provide financial assistance to the Members of the Producer Company by way of&#8211; (a) credit facility, to any Member, in connection with the business of the Producer Company, for a period not exceeding six months; (b) loans and advances, against security [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 378ZK. Loan, Etc., To Members - Enterslice<\/title>\n<meta name=\"description\" content=\"Explore Section 378ZK: A comprehensive guide on loans to members. Uncover legal insights and regulations governing member transactions. 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