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Companies Act, 2013 - S. 185

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(Querist)
23 June 2016 If the company given the loan to the director and recovered in FY it self. What to do to avoid implications as per Section 185 of companies Act 2013??
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2016 now you cannot take the loan again from the director.
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CA Mallikharjun Penala

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CA Mallikharjun Penala (Querist)
23 June 2016 company has already recovered from director. what to do to avoid implications of S. 185 of companies Act, 2013 implications
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2016 pls see notification dt 15.9.15
http://taxguru.in/company-law/companies-acceptance-of-deposits-second-amendment-rules-2015.html

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