Dear Experts
I have a query regarding section 186 of the Companies Act 2013,
Whether section 186 of Companies Act 2013 is appliacble to Non Banking Financing Company or not ??
Thanks
ACS Anjali Jain
(SERVICE - CS)
(472 Points)
Replied 09 September 2015
if the transaction is related to acquisition of securities then yes nbfc is exempted provided its principal business is acquisition of securities.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)