Since , MCA had issued notification vide GSR 464(E) dated on June 05, 2015, there are some confusion over on the notification, regarding applicability of particular sections and filing of forms with MCA in respect of Board Resolution and Shareholder Resolutions U/s 117 “Resolution & Agreements To Be Filed”. This article will deal with analysis each exemptions with regard to each sections notified vide GSR 464(E) dated on June 05, 2015.
Article been removed at the request of Author CS Lohith K.N.
If private company Accept loan form director or relative of director or shareholder,more than 100% of paid up share capital and Free reserve/Security premium then such amount will cover in loan or deposits?