Section 185 & 186
Shefali Gupta (104 Points)
16 February 2023Shefali Gupta (104 Points)
16 February 2023
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 17 February 2023
Shefali Gupta
(104 Points)
Replied 22 February 2023
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 07 March 2023
Shefali Gupta
(104 Points)
Replied 11 March 2023
Jatin Bajaj
(CS)
(2930 Points)
Replied 04 May 2023
If the Private Company is not falling within the exemption limit as per the notification dated 5th June 2015, the Private Company if giving loan to other private Company in which director is common by passing the special resolution in the general meeting but provided that the explanatory statement of the notice of the General Meeting shall fully disclose the loan given
The loan shall be utilized by the Company for the principle business activities.
Loan shall be given as per the following conditions prescribed under section 186 of the Companies Act 2013
, i.e. 60% of the paid up capital + Free Reserve + Security Premium or 100 percent of free reserve and securities premium, whichever is higher
No Loan shall be given at the rate lower than 1 year, 5 year, 10 year of the government security loan
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)