Section 186 of companies act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2015
well my companyy has given a interest free loan to other companies in the year 2011 .after that there is no add on to the loaned amount .
but as per sec 186 of new act there is a provision regarding interest on such inter corporate loans which was not there in earlier act ...
so does the new provision of interest applies to existing loans ?????
but as per sec 186 of new act there is a provision regarding interest on such inter corporate loans which was not there in earlier act ...
so does the new provision of interest applies to existing loans ?????
18 July 2015
No..It does not apply to existing loans.
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