Sec 186

Akhilesh Somani (CREDIT MANAGER) (98 Points)

13 April 2016

Inter corpoarte Deposit (ICD ) is covered as inverstment , meaning of sec 186

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 13 April 2016

It will be covered under section 186 but not as Investment but as Loan.

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Akhilesh Somani (CREDIT MANAGER) (98 Points)
Replied 13 April 2016

thank you for reply , please confirm that if a company is investing as ICD to a company , i.e. loan given to a company , is it right ?

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 13 April 2016

Yes, it will be shown under Short / Long term Loans in assets side.

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Akhilesh Somani (CREDIT MANAGER) (98 Points)
Replied 13 April 2016

Thanks, so ICD investment covered under sec 186 and icd investment should under limit which is precribed u/s 186 , is it right ?

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 14 April 2016

Exactly.....

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