Does Section 186 of Companies Act do not apply to Builder Developer of Residential infrastructure.

Dhruv Jain (Practicioner) (200 Points)

07 April 2023  

With respect to loans, guarantee or security, section 186 does not apply to a company engaged in the business of financing of companies or of providing infrastructural facilities.

Does non applicability of section 186 of the companies act apply to the realtors, builders and developers of Residential infrastructure in an urban city. 

Will this be termed as social development as per the activity included/ defined in the term infrastructural facilities.