Companies act 2013 -amendment of sec.185 - loan to director
This query is : Resolved
29 March 2017
This is a request for guidance - We are running a private limited company, which is registered under Delhi ROC. Can you please let me know what are the procedures which we need to follow U/s 185 C.A 2013 for providing loans of Rs.5 Lac to one of our company director.
Our company which satisfies the following conditions:
(a) In company capital no other body corporate has invested any money, i.e., its shareholder does not include any body corporate;
(b) Campany hasn't any liability in terms of any borrowings from banks or financial institutions or any body corporate
Please do let me know your valuable suggestion and guidance.
Our company which satisfies the following conditions:
(a) In company capital no other body corporate has invested any money, i.e., its shareholder does not include any body corporate;
(b) Campany hasn't any liability in terms of any borrowings from banks or financial institutions or any body corporate
Please do let me know your valuable suggestion and guidance.
CS Mitesh Mehta
(Expert)
29 March 2017
Provisions relating to loans to directors is inapplicable to your company.
Message likes :
1 times
29 March 2017
Thank you for your reply sir.
Can you elaborate the content please.
It explicit, we shall not follow any procedure for this?.
Can you elaborate the content please.
It explicit, we shall not follow any procedure for this?.
29 March 2017
Can give. No restrictions. See MCA notification dated 5-6-2015.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
