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Companies act 2013

This query is : Resolved 
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(Querist)
09 December 2014 as per u/s 185 of companies act 2013 loan transaction between group companies is not allowed in which same person/relative is director ,is this law applicable for NBFC companies also.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
16 December 2014 NBFCs engaged in “lending activities in ORDINARY COURSE” is exempted

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