Promoters with fraud loan A/Cs may not get to join other companies as directors
- Posted on July 1, 2026
- By Business News Today
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- 1 min read
Promoters with fraud loan A/Cs may not get to join other companies as directors
The move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not specifically prohibit such appointments, said people familiar with the matter.
