Article on loan to director under company act, 2013

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Practicing Compnay Secretary
53960 Points Posted on 28 April 2014
  1. If company have already given loan to directors under previous companies act than what they have to do in new act.
Attached File : 1057369 1312115 article on loan to director section 185 by cs divesh goyal.pdf downloaded: 345 times
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On 28 April 2014 at 16:31 Report
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Practising Company Secretary
12562 Points Posted on 28 April 2014

yes

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On 28 April 2014 at 18:49
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director
60 Points Posted on 13 May 2014

Respected Sir,

Sub: inter corporate loan by NBFC

AN NBFC takes inter corporate loan from a private limited/limited concern say company no. 1  @ 12% p.a. and gives it to another private limited/limited say company no. 2 @ 15.30 p.a. Suppose company no. 2 is associate/subsidiary/holding company of No. 1 company or any director of company No.1 is interested in company no. 2 or vice versa. Now query no. 1. is there any violation of rules according to companies act 2013 in giving loan to company no 2 by NBFC by taking loan from company no. 1 ? Now query no. 2 is there any violation of rules according to companies act 2013 if NBFC takes guarantee also from company No. 1 for giving loan to company no. 2?

 

Thanks,

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On 13 May 2014 at 16:06

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