- If company have already given loan to directors under previous companies act than what they have to do in new act.
Attached File : 1057369 1312115 article on loan to director section 185 by cs divesh goyal.pdf downloaded: 280 times
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Article on loan to director under company act, 2013
Attached File : 1057369 1312115 article on loan to director section 185 by cs divesh goyal.pdf downloaded: 280 times
Replies (2)
Respected Sir,
Sub: inter corporate loan by NBFC
AN NBFC takes inter corporate loan from a private limited/limited concern say company no. 1 @ 12% p.a. and gives it to another private limited/limited say company no. 2 @ 15.30 p.a. Suppose company no. 2 is associate/subsidiary/holding company of No. 1 company or any director of company No.1 is interested in company no. 2 or vice versa. Now query no. 1. is there any violation of rules according to companies act 2013 in giving loan to company no 2 by NBFC by taking loan from company no. 1 ? Now query no. 2 is there any violation of rules according to companies act 2013 if NBFC takes guarantee also from company No. 1 for giving loan to company no. 2?
Thanks,
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