Section 180
juli (Student CS) (83 Points)
21 July 2016
vide circular by mca under saction 180 1 C private comapny are exempted to take pre sanction to borrow money from bank?
Pratik Shah
(Practising Company Secretary)
(4432 Points)
Replied 23 July 2016
Yes, Section 180 is not applicable to Private Limited companies vide Notification dated 05th June 2015
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