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Jamie is a director of SUN Bhd (SUN). He wishes to obtain a loan from SUN to finance his purchase of a house. Advise SUN

Jamie is a director of SUN Bhd (“SUN”). He wishes to obtain a loan from SUN to finance his purchase of a house. Advise SUN whether it is permissible to give the loan to Jamie, and the associated consequences under the Companies Act 2016.

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Section 224 of the companies act 2016 deals with provisions regarding loan to directors Section 224 1 says that a company shall not make a loan to dir... blur-text-image

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