banner_ad

Borrowings- 180(1)(c) of companies act, 2013

Resolutions 1108 views 5 replies

We taken 20 Lakh Over Draft from bank. Can we pass special resolution under section 180(C)

Replies (5)
No its a temporary loan obtained from a companies banker in the normal course of business
First thing
S-180 is NOT applicable for Private Company.. so if your Co. us Pvt. no need to worry.

Second..
in case otherwise,
- Temporary Loans, Over drafts in Ordinarycourse are NOT Attracted here
-If The Term of Loan Is Under 6 Months then Also Not Borrowing...

Dear Ma'am,

Please let me know we taken Over Draft from Bank ..So which column we put amount in DPT-3 form.

In Clause/Point 9 of DPT-3.

Our company taken 20 Lakh Overdraft and Purchase car from BMW (Loan Amount 32 Lakh)

My question is can we pass special regulations for MGT-14 for (Consent of a company authorizing its board of directors any power mentioned in S 180 (1)(a) and (c).)

 

Regards

Rahul

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

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 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details