Contradiction between section 185 and 186 of companies act,
This query is : Resolved
21 January 2014
Dear All,
kindly help me in this query.
if a company wants to give its assets as security in form of guarantee to other company will it covered under section 185 or will it be termed as inter corporate investment as section 186 under companies Act, 2013.
thanks in advance.
kindly help me in this query.
if a company wants to give its assets as security in form of guarantee to other company will it covered under section 185 or will it be termed as inter corporate investment as section 186 under companies Act, 2013.
thanks in advance.
22 January 2014
it should be covered under section 185...
the relevant part of the section is:
"provide any security in connection with any loan taken by him or such other person:"
the relevant part of the section is:
"provide any security in connection with any loan taken by him or such other person:"
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