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Borrowing under section 180 of companies act, 2013`

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2015 PLEASE GUIDE WHETHER UNSECURED LOAN TAKEN FROM DIRECTORS ARE COVERED UNDER BORROWING UNDER SECTION 180 (1) (C) OF COMPANIES ACT, 2013.
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Chetan Patankar

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Chetan Patankar (Expert)
04 June 2015 In my view, yes. It is required.
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