Sec 186 of companies act 2013

This query is : Resolved 

06 October 2015 As per the act if a company give Loan over and above 60 of Piad up capital + Reserve,its should declare the same in Director Report.

My question is

1) If a company gives loan to a body corporate/individual other then director/share holder by procuring loan from other body corporate not from its own capital.what will be the effect of this section.

2) is it mandatory to file MBP 2....if Loan does not exceed 60% of Capital + reserve?

06 October 2015 1) Doesnt matter from where the loan amount is procured from the effect is same.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries