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 ?
Menu
Property of Private Limited Company to be given as a security for loans raised by Director
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 .
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 .
Recent Threads
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
Related Threads
CAclubindia
