section 185

Section 185 Companies Act 2013: Prohibitions on Loans to Directors & Others

Company Law - "Learn about the prohibitions and restrictions under Section 185 of the Companies Act, 2013, regarding loans to directors, relatives, and subsidiaries....

Understanding Section 185 of Companies Act 2013: A Comprehensive Overview

Company Law - Among the provisions outlined in the act, Section 185 has garnered substantial attention due to its impact on loans and advances to directors. This article aims to provide a comprehensive overview of Section 185 and its implications for companies and directors....

Section 185 of Companies Act, 2013: Exemptions and Examples

Company Law - Explore Section 185 of the Companies Act, 2013, its exemptions, and practical examples. Learn when Section 185 is not applicable, including loans to managing directors, loans for employee welfare, transactions between holding companies and subsidiaries, and transactions with shareholder approval. Understand the specific conditions for pri...

Loan to Directors as per Companies Act 2013

Company Law - Section 185 of the Companies Act 2013 Specifically provides about the Provisions related to Loan to directors by the company. In this article we will understand about the provisions with their clear examples....

Section 185 of Companies Act 2013: A Detailed Overview

Company Law - Section 185 of the Companies Act is like a rule book that tells grown-ups who run big lemonade stands (called companies) what they need to do if they want to lend money or give money to help another company....

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Addition of Notional Interest on Advances to Related Parties Unsustainable due to availability of sufficient interest free funds

DCIT Vs Parinee Housing Private Limited (ITAT Mumbai) - ITAT Mumbai held that addition of notional interest on advances to related parties (i.e. the directors and sister concern/related parties) unsustainable as the assessee has been able to substantiate availability of sufficient interest free funds....

SC held liability to discharge arrears of property tax & water tax inspite of being post-liquidation liability

Official Liquidator Vs Ujjain Nagar Palika Nigam & Ors. (Supreme Court of India) - Conclusion: Arrears of property tax and water tax until the date of confirmation of sale, i.e., 04.07.2003, would qualify as the expenses for “preserving, realising or getting in” the assets of the company and thus, should have to be paid in priority by the appellant OL....

Loans & advances to employees – Applicability of Section 185 / 186 of Companies Act, 2013

General Circular No. 04/2015 - (10/03/2015) - The issue has been examined and it is hereby clarified that loans and/or advances made by the companies to their employees, other than the managing or whole time directors (which is governed by section 185) are not governed by the requirements of section 186 of the Companies Act, 2013. This clarific...

Recent Posts in "section 185"

Section 185 Companies Act 2013: Prohibitions on Loans to Directors & Others

"Learn about the prohibitions and restrictions under Section 185 of the Companies Act, 2013, regarding loans to directors, relatives, and subsidiaries....

Posted Under: Company Law |

Addition of Notional Interest on Advances to Related Parties Unsustainable due to availability of sufficient interest free funds

DCIT Vs Parinee Housing Private Limited (ITAT Mumbai)

ITAT Mumbai held that addition of notional interest on advances to related parties (i.e. the directors and sister concern/related parties) unsustainable as the assessee has been able to substantiate availability of sufficient interest free funds....

Understanding Section 185 of Companies Act 2013: A Comprehensive Overview

Among the provisions outlined in the act, Section 185 has garnered substantial attention due to its impact on loans and advances to directors. This article aims to provide a comprehensive overview of Section 185 and its implications for companies and directors....

Posted Under: Company Law |

Section 185 of Companies Act, 2013: Exemptions and Examples

Explore Section 185 of the Companies Act, 2013, its exemptions, and practical examples. Learn when Section 185 is not applicable, including loans to managing directors, loans for employee welfare, transactions between holding companies and subsidiaries, and transactions with shareholder approval. Understand the specific conditions for pri...

Posted Under: Company Law |

Loan to Directors as per Companies Act 2013

Section 185 of the Companies Act 2013 Specifically provides about the Provisions related to Loan to directors by the company. In this article we will understand about the provisions with their clear examples....

Posted Under: Company Law |

SC held liability to discharge arrears of property tax & water tax inspite of being post-liquidation liability

Official Liquidator Vs Ujjain Nagar Palika Nigam & Ors. (Supreme Court of India)

Conclusion: Arrears of property tax and water tax until the date of confirmation of sale, i.e., 04.07.2003, would qualify as the expenses for “preserving, realising or getting in” the assets of the company and thus, should have to be paid in priority by the appellant OL....

Section 185 of Companies Act 2013: A Detailed Overview

Section 185 of the Companies Act is like a rule book that tells grown-ups who run big lemonade stands (called companies) what they need to do if they want to lend money or give money to help another company....

Posted Under: Company Law |

Section 185 of Companies Act, 2013- Loan to Directors Etc

Section 185(1) of Companies Act 2013 primarily deals with the subject; Person to whom Company cannot give loan/ guarantee/ security. It basically covers individuals and firms: It states that, A Company shall not, directly or indirectly, advance any loan (including book debt) or give any guarantee or provide any security in connection with...

Posted Under: Company Law |

Sec. 185 of Companies Act, 2013 – Loan to Directors etc

Learn about Sec. 185 of Companies Act, 2013 – what Loan to Directors means &c. Strict prohibition and relaxation of Sec. 185 (1) & (2). Penalties, exemptions and details explained....

Posted Under: Company Law |

Loans, Investment, Guarantee or Security by Company: FAQs

Explore FAQs on company loans, investments, guarantees, and security under Sections 185 and 186 of the Companies Act, 2013. Understand practical insights, exemptions, and compliance for seamless financial operations. Consult for expert guidance. Disclaimer: Information shared is educational, consult professionals for specific scenarios....

Posted Under: Company Law |

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