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A CS in practice may form a multi-disciplinary firm with the member of other professional bodies as prescribed under regulations 168A and 168B in accordance with the regulating guidelines of ICSI.
MCA has caused a myriad of amendments in the Companies Act, 2013 in March 2021. Covering all such amendments along with the impact of the same on the Corporates.
As per Section 186(2), no company shall directly or indirectly give any loan to any person or give any guarantee or provide security in connection with a loan to any other body corporate or person.
Section 2(76) - Definition of Related Party Transaction, Section 188 - Related Party Transaction and Section 189 - Registration of transactions in which directors are interested.
Analysing which are the entities to whom a company can give Loan/ Guarantee/ Security etc' under Section 185 of the Companies Act, 2013 after amendment by the Companies Amendment Act, 2017.
As per Section 187(1), 'All investments made or held by a company in any property, security or other assets shall be made and held by it in its own name.'
There are many ambiguities in the minds of corporates and professionals about the treatment of Loan from Shareholders, as to whether the same is considered as a deposit or not?
If a Company accepts a loan from an Individual and such individual is a Director as well as a Shareholder of the Company, then this loan shall be considered as Loan from Shareholder of Loan from Director? Let us discuss.
Ministry of Corporate Affairs has issued a myriad of amendments in the Companies Act, 2013 in July 2021. Let us discuss the same.
A company's requirements for the compliances have been changed in comparison to the compliance requirement as on 01st April 2014 when the Companies Act, 2013 came into effect.
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