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
2 Replies
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.
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