Section 185 of company act 2013
This query is : Resolved
05 December 2013
I just want to know the applicabilty of section 185 and its exceptions for the company who is providing corporate guarantee
06 December 2013
98 Sections of the new companies act 2013 have been applied by the CG. 185 is one of them, Company providing corporate guarantee in normal course of its business is exempt from this sec for providing guarantee or loans to director and other person in which director is interested. above exemption is applicable only if it provides loan and guarantee in its normal course of business and not below the rate of RBI.
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