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
16 January 2014
Section 185 is applicable wef 12th Sept. 2013
Message likes :
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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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