Re: new loan obtained during 2014-15
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2015
Dear Sir, Whar are the formalities reqd.for fresh loan taken during 2014-15.
Is any spl.resolution reqd. and MGT-14 is to be filed.Kindly throw some light on this burning issues.As some CS are saying that permission by way of Spl.resolution is needed for fresh loans.Thnaks in advance.
Is any spl.resolution reqd. and MGT-14 is to be filed.Kindly throw some light on this burning issues.As some CS are saying that permission by way of Spl.resolution is needed for fresh loans.Thnaks in advance.
19 May 2015
u/s 180 of companies act 2013, company wanted to take loans (amount includes loan already taken earlier if any) above following limits , for that special resolution are required to tile via form MGT - 14
1. above 60% of its paid up capital or
2. above 100% of paid up capital + free reserves of company
1. above 60% of its paid up capital or
2. above 100% of paid up capital + free reserves of company
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- CREDIT NOTES WITHOUT GST
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
