Status of section 185

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2014 whether section 185, dealing with loan to director, is applicable or has been kept in abeyance/pending by circular No 18/2013 dated 19 nov. 2013

AVTAR SINGH

AVTAR SINGH (Expert)
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16 January 2014 Section 185 is applicable wef 12th Sept. 2013

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Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2014 Thanks, I was of the same opinion, but some of my friends co-related the applicability of this section with circular 18/2013 of MCA & concluded that section has been put on hold now.

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