We taken 20 Lakh Over Draft from bank. Can we pass special resolution under section 180(C)
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Borrowings- 180(1)(c) of companies act, 2013
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...
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
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