Orders
(0)
News
(0)
Queries
(0)
No updates found in last 7 days.


Q & A

2167 Views 1 Ans

Whether unsecured loan taken by private limited from its Directors covered under section 180(1)(c) of the Companies Act, 2013 i.e. borrowing in excess of paid up capital and free reserve and if yes, is it necessary to pass a Special Resolution before obtaining unsecured loan from directors after 11.09.2014

Section 180- Restrictions on powers of Board.

Posted By: Revati sathe 9 year(s) ago

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


Expert    Ankit Singhi

Yes, company shall require to pass special resolution u/s 180(1) (c) before obtaining unsecured loan from directors.

  • Comment
  •   Comment (0)
#
Scroll