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SECTION-185
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LOAN, GUARANTEE OR PROVIDING SECURITY TO DIRECTORS, ETC.
OBJECTIVE OF SECTION 185
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To Prevent the directors from using their undue influence in obtaining Loan From their Own Company either for themselves or for their relatives or partners.
APPLICABILITY OF SECTION 185
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This Section Shall be Applicable to ALL COMPANIES Except:- Certain Private Companies Only which fulfill 3 Conditions.
SECTION-185 (1)
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SECTION-185 (2)
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Explanation of Section-185(2)
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(Which Ever is Less)
Exemptions of Section-185
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Contravention of Section-185
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(Submitted by CS Amit Chauhan and you can contact me at csanshulchauhan@gmail.com)
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Simply explain the whole sec 185…
Really impressive 👍👍👍