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Jul 30, 2021 · There are four subsections of section 185 of the companies act 2013. Section 185 (1) :- No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,—
Section 77 to apply in certain matters. 80. Date of notice of charge. 81. Register of charges to be kept by Registrar. 82. Company to report satisfaction of charge. ... 185. Loan to directors, etc. 186. Loan and investment by company. 187. Investments of company to be held in its own name. 188. Related party transactions. 189. Register of contracts or arrangements in which directors are interested.
6 days ago · 185. Loans to directors, etc. (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,—.
Section 185 of the Act provides the conditions and restrictions of granting loans to the directors. Every company must follow the conditions laid down in this Section before granting loans or giving guarantee or security in connection with any loan.
Jul 3, 2014 · Section 185 of companies act 2013 uses the word, “Save as otherwise provided in this Act”, ii. Rule of Harmonious Construction is to be used, i.e. law should be interpreted in the manner taking into consideration all other relevant provisions. Relevant provisions cannot be read in isolation.
Jun 6, 2014 · Section 185:- This primarily deals with the subject of person to whom company cannot give loan. Section 186:- This section enlists the exceptions and specifies the limits up to which a company can give loan.
Section 185 in The Companies Act, 2013. 185. Loan to directors, etc.—. (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested or give any guarantee or provide any ...
LOAN TO DIRECTORS, ETC. [Effective from 12th September, 2013] [1] [185. (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a.
Sep 12, 2013 · In case of private company - Section 185 shall not apply to a private company- (a) in whose share capital no other body corporate has invested any money; (b) if the borrowings of such a company from banks or financial institutions or any body corporate is less than twice of its paid up share capital or fifty crore rupees, whichever is lower; and
Jan 15, 2016 · Section 185 and Section 186 is one of the sections that companies have to deal with on a regular basis. The snapshot of all the compliances required to be undergone for lending and borrowing are summarised for reference purpose.
