Dear Friends,
Kindly let me know can a pvt company accept loan from another unrelated private company as per the provisions of new Companies Act, 2013 ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 17 September 2014
1) Check borrowing power of your company u/s 180(1)(c). If necessary, pass special resolution and file MGT.14 with ROC.
2) Pass Board resolution in Board meeting u/s 179(3)(d) and file MGT.14 with ROC.
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