Dear Learned Members,
A NBFC is engaged in financing and leasing of Medical Equipment and Health Care Assets. It also provides loans to small Private Limited Companies. Hence, would like to know whether Section 186 of the Companies Act is applicable to such NBFC.
Thanking you in advance
For exemption refer Section 186(11). NBFC can claim exemption if the case is covered u/s 186(11). However, care needs to be taken for compliance of Sec.185 if applicable.
Goodwin Pumps India Pvt Ltd
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Abic and Mani Chartered Accountants
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AJAY SINGH AND CO LLP
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CCI
Pro
CAclubindia
