Section 185 of company act 2017

Kallol Sarkar (Accountant) (188 Points)

28 June 2022  

by virtue of Company Act, 2017- Section 185, a private limited company can give loan to its MD / WTD.

A special resolution is required to approve the loan and that has to be filed by MGT 14.

My query is whether resolution filing by MGT 14 is mandatory for all private limited companies?