banner_ad

Borrowings under section 180(1)(c)

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 March 2015 Earlier Sec 180(1)(c) was not applicable to the pvt. cos. but now it is applicable. One of my pvt. co. is already having borrowing exceeding aggregate of its paid up capital and free reserves.

What would be the remedy for this situation?
Profile Image

Lalit Kumar

Profile Image

Lalit Kumar (Expert)
11 March 2015 1. Section 180(1) (C)
Applicability- Public as well as Private companies.

Condition- If borrowings [Present + Proposed] > [Paid up capital + Free reserves]

Special Resolution in the General Meeting.

Conclusion- It is recommended-

To bring down the borrowing under the limit by paying then off,

Or:

To pass a special resolution in the general meeting.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 March 2015 Sir, thamks for reply. If the pvt. co. is having a status of NBFC or FI, than also Section 180(1)(c) is applicable?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details