Section 180 of companies act applicability to pvt co.(nbfc)

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CA Hemantkumar,M.COM,ACA,DISA,cVa. (Querist)
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09 October 2014 Is section 180 applicable to Private co which is NBFC.Do they need to pass the special resolution for Borrowing.

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Hemant

CS Mitesh Mehta (Expert)
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09 October 2014 Yes.

Shareholders Resolution under Section 180(1)(a) and Section 180(1)(c) of the Companies Act, 2013 need to be passed

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