An automobile parts manufacturing public limited company has availed vehicle loan. Does it require to file MGT 14 for the borrowings made? If yes under which section of Companies Act?
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Quick Summary
This discussion addresses whether a public limited company, specifically one in automobile parts manufacturing, needs to file an MGT 14 form for availing a vehicle loan. The query seeks clarification on the requirement and the specific section of the Companies Act that mandates such a filing, with a suggestion pointing towards Section 179(3).