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What is Section 185?
What is the difference between Section 185 and Section 295?
What is Section 185 of the Companies Act 2013?
Does an LLP need to follow Section 185 of the Companies Act 2013?
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,—
6 days ago · This section prohibits a company from advancing any loan or giving any guarantee or security to its directors or to any person in whom they are interested, unless with a special resolution. It also specifies the exceptions, penalties and explanations for this section.
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
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Jul 3, 2014 · Learn about the prohibition of loans, guarantees and securities to directors or their interests under section 185 of Companies Act, 2013. Find out the exceptions, analysis, penalties and register maintenance for this section.
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 ...
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.
Sep 12, 2013 · In case of Government company - Section 185 shall not apply to Government Company in case such company obtains approval of the Ministry or Department of the Central Government which is administratively in charge of the company, or, as the case may be, the State Government before making any loan or giving any guarantee or providing any security ...
