Whether bar of relationship of directors under section 185 Companies Act 2013 will have any application if the directors of company registered in India are related to a subsidiary incorporated in foreign country and such foreign susidiary has to provide corporate guarantee for the Indian company taking loan in India
Menu
Swction 185 companies act 2013
Replies (1)
Restriction on giving loan etc. u/s 185 applies only to a company. Foreign subsidiary is not a company as per Companies Act 2013. Hence restriction does not apply to it.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
