borrowings under companies act, 2013
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2014
Dear Sir,
Can a private limited company borrow from a private limited company in which 2 of the three shareholders of the first company are shareholders of the second company under the Companies Act,2013?
Can a private limited company borrow from a private limited company in which 2 of the three shareholders of the first company are shareholders of the second company under the Companies Act,2013?
09 April 2014
Borrowing by a pvt. ltd. co. from another pvt. ltd. co. is not a public deposit. However, it will be subject to the provisions of Section 186 of the Companies Act, 2013. Further, directors need to give disclosure of interest under section 184.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2014
Thank you very much. Really obliged.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
