Borrowing power u/s 180 (1) (c)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2017
Query :
A Director of a small pvt company introduced a machinery amounting to 10 lacs where the net worth of the company is not more than 3 lacs. whether special resolution for increase in borrowing power should passed in the agm?
A Director of a small pvt company introduced a machinery amounting to 10 lacs where the net worth of the company is not more than 3 lacs. whether special resolution for increase in borrowing power should passed in the agm?
03 November 2017
Section 180 is not applicable to Private Company
03 November 2017
The MCA vide its notification dated 5-6-2015 have exempted section 180 for the private company.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2017
thanks you very much for the quick reply
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
