Question

Section 185 prohibits loans to directors. Consider:  (1) It covers loans, guarantees, and securities. (2) Applies to directors and persons in whom they are interested. (3) Ordinary resolution can approve such loans. (4) Some exemptions exist for subsidiary companies.

A 1, 2, 4
B 1 only
C 1 and 2
D 2, 3, 4
E 3 and 4
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