Section 186 prescribes limits on inter-corporate loans, guarantees, and investments, requiring board and shareholder approvals beyond specified thresholds. Non-compliance can result in significant penalties and imprisonment for defaulting officers.
Definition under the Companies Act 2013 Company : means a company incorporated under this Act or under any previous company law; Company Limited by Shares : means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them; Company Limited by […]
