Yes mam 

It has said ''The Total Amount total amount up to which the Board of Directors are authorised to give such loan or guarantee, to provide such security or make such acquisition: ''

That means the provision of erstwhile 372A mandating - case to case is not applicable

Thank You very much

Explanation.-For the purpose of this sub-rule, it is clarified that it would sufficient compliance if such special resolution is passed within one year from the date of notification of this section.

provisions are applicable for transaction entered only after 01.04.2014.

It is advisable to take SR for the loans/investment made / securities already given. and such resolutions should be passed before 01.04.2015.

Applicability of Section 186 to NBFCs: Understanding the Nuances

Section 186 of India's Companies Act of 2013 governs inter-company loans and investments made by domestically domiciled corporations. This provision places limitations on how extensively a company can provide funds, guarantees, or acquire securities of other firms. That notwithstanding, selected entities are exempted from these constraints, such as specific financial institutions.  

This piece examines if Section 186 applies to non-bank financial organizations and delves into the applicable stipulations and exemptions. It also explores a few examples of complex inter-company transactions between corporations and scrutinizes whether these types of arrangements would fall within or outside the boundaries established by Section 186. In addition, some instances are discussed where companies have structured transactions in an attempt to circumvent these rules but were later found to still be in violation.

Understanding the nuances of Section 186:

Section 186 outlines thresholds on the amount a company can lend,

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