CA Day celebration 2024 Easy Office
LCI Learning

Applicability of section 185


11 December 2013 Our company has taken loan from our group company in which directors are same.Can we are violating the provision of Companies Act 2013.Please tell us in the light of General Cirular 18/2013 as soon as possible.

11 December 2013 the intercorporate loan limit should be 60% of paid up capital plus reserve

12 December 2013 Thank you sir
We have follow the section 372A of the Companies Act 1956.I want to know whether secton 185 of the new company act is applicable or not.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query