Section 185 of the companies act,2013

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2014 Section 185 0f the Companies Act,2013 replaces Sections 295 and 296 0f the earlier Act has been notifued.However,Section 186 of tyhe CompaniesAct,2013 which replaces Section 372A of the earlier Act is yet to be nofied.
In viewv of the above,what is the position regarding aPublic Limited Company giving a Corporate Guarantee or Security for a Bank Loan to another JV Company in which certain Directors are common and majority shareholding is of a wholly owned subsidairy of the Public Limited Company?

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2014 The question is regarding an ovelap of Section 185 of CA,2013 and Section 372A of CA,1956.