Companies Act, 2013 - S. 185
This query is : Resolved
CA Mallikharjun Penala
(Querist)
23 June 2016
If the company given the loan to the director and recovered in FY it self.
What to do to avoid implications as per Section 185 of companies Act 2013??
Rupesh Jain
(Expert)
23 June 2016
now you cannot take the loan again from the director.
CA Mallikharjun Penala
(Querist)
23 June 2016
company has already recovered from director. what to do to avoid implications of S. 185 of companies Act, 2013 implications
Rupesh Jain
(Expert)
23 June 2016
pls see notification dt 15.9.15
https://taxguru.in/company-law/companies-acceptance-of-deposits-second-amendment-rules-2015.html
https://taxguru.in/company-law/companies-acceptance-of-deposits-second-amendment-rules-2015.html
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