P C Agrawal
Transactions pertaining to loans to be given and to be taken (borrowing) are common in corporate sector. A number of queries are raised from time to time since various laws are involved, such as Companies Act, Income Tax Act, RBI Act (NBFC) etc. A lot of confusion has been created after introduction of Sec.185 of Companies Act 2013 and subsequent circulars issued by MCA. I have tried to summarise various provisions in the attached PPT which can be checked below
(Author – P C Agrawal, B.Com., LL.B., CAIIB, FCS, [email protected])
