Dear Members,
Whether sec. 180 (1) a for borrowing , 186 for making loan and investment and 180(1) (c) for creation of charge are applicable for NBFC Co. giving Loan. Whether SR needs to passed to comply with prov. of new Act.
2 Replies
SUMIT KUMAR JANGID
(CA FINAL STUDENT)
(136 Points)
Replied 16 August 2014
No need to pass SR, But the section of the companies act, 2013 be applicable for given or taken of loan .
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 18 August 2014
Sec 186 is not applicable for NBFCs.......However, sec 180 is applicable for all the companies....so ensure compliance with sec 180 if the limits exceed.....
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