banner_ad

Regarding section 185 and 186

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 July 2019 Dear Sir/Madam,

My Company has taken loan from Bank against the property which held by One of the Group Company, due to common director , the Director act as a guarantor for loan taken. pls suggest 185 and 186 is applicable.. if yes then pls provide me the board resolution asap.
Profile Image

Devershi Gupta

Profile Image

Devershi Gupta (Expert)
11 January 2020 There is nothing to be considered under sec.185 or 186 on the part of Company that has taken loan.
But the Company giving guarantee shall check the provision of 185 and 186.
As the question does not provide any details I am unable to provide any comment on the transaction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details