REGARDING LOANS AND ADVANCE GIVEN TO UNRELATED PERSON
This query is : Resolved
Suresh S. Tejwani
(Querist)
22 August 2023
WHETHER PRIVATE LIMITED COMPANY CAN GIVE LOANS AND ADVANCES TO UNRELATED PERSON ?
WHETHER SUCH ACT IS WITHIN GUIDANCE OF COMPANIES ACT?
WHETHER SUCH ACT IS WITHIN GUIDANCE OF COMPANIES ACT?
21 January 2024
Section 185(2) allows a company to give loans to any person/entity in whom any of the directors are interested in subject to certain conditions. The company must pass a special resolution in general meeting.
https://cleartax.in/s/section-185-companies-act-2013-checklist
https://cleartax.in/s/section-185-companies-act-2013-checklist
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- GST ITC as per notification 12/2023- central tax
- Form 144 TDS Return Validation error
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
