banner_ad

Property of Private Limited Company to be given as a security for loans raised by Director

Others 809 views 1 replies
Hello,
Can a property owned by a private limited company be given as a collateral security for loans raised by Directors (in their personal capacity) ? And Can a company stand as a guarantor for these loans ? What implications does it have in terms of Companies Act and Income Tax ?
Replies (1)
For Private Companies Sec 185 & 186 is exempted subject to compliance of three conditions ,viz

a. In cos ROM no body corporate is member

b. Loan and borrowings are less than twice of paid up capital or 50 Crore

c.no subsisting default in repayment of loan .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details