Loan to pvt ltd co.
Abhishek Kumar Gupta (Article) (148 Points)
03 May 2020Abhishek Kumar Gupta (Article) (148 Points)
03 May 2020
sanjith kotni
(Articled assistant)
(663 Points)
Replied 03 May 2020
Harish choursiya
(Student cs professional )
(249 Points)
Replied 03 May 2020
Company may provide loan, made investment or provide guarantee to person or body corporate subject to in compliance of section 186 of the Companies Act, 2013
Here the limit of loan, investment or guarantees which can be extended by way of passing special resolution as provide in 186(2).
Francisco Reese
(Pr)
(24 Points)
Replied 10 May 2020
Company get easy money from bank but need to proper documentation or communication with related officer.