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Dear Sir/ Madam, Ref: Section 186 and Explanation to Rule no 13 (1) of the Companies (Meetings of Board and its Powers) Rules, 2014) According to me, we can investment, give loan etc ....exceeding limits ...........but we have to pass special resolution with in 1 year from the notification of these rules. It means if limits are 10 Cr .....my current borrowing is 12 cr.....I can further borrow to say 20 cr ( with out passing special resolution immediately).... but have to take approval for the same by 31.03.2015. Kindly provided your inputs. Thanks, Mandar

Shareholders Meeting

Posted By: Mandar 9 year(s) ago

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


Expert    Ankit Singhi

Yes you can do so

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