Dear Friends,
Is it compulsory to file form MGT-14 under Section 179(3)(d) to borrow monies as per CA 2013. and guide me whether unsecured loan and secured loan taken by company comes under this clause.
Thanks,
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Filing of mgt-14 to borrow monies under ca 2013
Replies (2)
Yes.
You have to file MGT 14.
Borrowing includes both Secured as well as unsecured.
Yes....it is required to be filed.....and both unsecured and secured loans are covered under borrowing.....
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