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Sir / Madam, As per exemption available u/s 185 - X Private Limited company has advanced loans to its directors. X Private Limited is to be taken over by the Y Private Limited to make it Y's subsidiary. After taken over by Y Pvt Ltd. whether it is a violation of section 185 for earlier advances ? OR Will it be ban for future advances to directors ? Kindly reply.

Section 185- Loan to directors, etc.

Posted By: Atul kulkarni 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


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Pramod Prabhudesai
B D Jokhakar & Co

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