Applicability of section 185
This query is : Open
Vishnu Bargoti
(Querist)
11 December 2013
Our company has taken loan from our group company in which directors are same.Can we are violating the provision of Companies Act 2013.Please tell us in the light of General Cirular 18/2013 as soon as possible.
11 December 2013
the intercorporate loan limit should be 60% of paid up capital plus reserve
Vishnu Bargoti
(Querist)
12 December 2013
Thank you sir
We have follow the section 372A of the Companies Act 1956.I want to know whether secton 185 of the new company act is applicable or not.
We have follow the section 372A of the Companies Act 1956.I want to know whether secton 185 of the new company act is applicable or not.
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