Section 185 of companies act 2013
This query is : Resolved
16 June 2016
hello,
one of my client who is a private company give a loan to its subsy com. in which director is interest in 2006. but as on till date 2016 loan is standing. is companies act 2013 applicable on that loan which was given as per companies act 1956
one of my client who is a private company give a loan to its subsy com. in which director is interest in 2006. but as on till date 2016 loan is standing. is companies act 2013 applicable on that loan which was given as per companies act 1956
16 June 2016
Not applicable, provided the same loan is not renewed or altered.
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