Dear Experts,
Should one intimate to ROC for bringing unsecured loans from directors if so what is the process to intimate the same?
Thanks
raghul selvam rr (8 Points)
15 April 2020
Vaanie Dangi
(unemployed)
(62 Points)
Replied 19 April 2020
Harish choursiya
(Student cs professional )
(249 Points)
Replied 19 April 2020
Section 179(3)(d) of the Companies Act, 2013 which says about the Borrowing, here I m assuming loan from director is covered under Borrowing funds.
As per section 117 which mandate to the company for filing MGT-14 TO ROC read with section 117(3)(g).
File DPT-3 TO ROC, the Borrowing/loan from director is covered under rule 2(c)(viii) exception list i.e NOT DEPOSIT.
This is based on my understanding of provision.
CAclubindia
