Company Law : "Learn about the prohibitions and restrictions under Section 185 of the Companies Act, 2013, regarding loans to directors, relativ...
Company Law : Among the provisions outlined in the act, Section 185 has garnered substantial attention due to its impact on loans and advances t...
Company Law : Explore Section 185 of the Companies Act, 2013, its exemptions, and practical examples. Learn when Section 185 is not applicable, ...
Company Law : Section 185 of the Companies Act 2013 Specifically provides about the Provisions related to Loan to directors by the company. In t...
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...
Income Tax : Calcutta High Court ruling states payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disall...
Income Tax : ITAT Mumbai held that addition of notional interest on advances to related parties (i.e. the directors and sister concern/related ...
Corporate Law : Conclusion: Arrears of property tax and water tax until the date of confirmation of sale, i.e., 04.07.2003, would qualify as the e...
Company Law : The issue has been examined and it is hereby clarified that loans and/or advances made by the companies to their employees, other ...
Calcutta High Court ruling states payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disallowed under Section 40A(3) of the Income Tax Act.
“Learn about the prohibitions and restrictions under Section 185 of the Companies Act, 2013, regarding loans to directors, relatives, and subsidiaries.
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.
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.
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 private limited companies to be exempt from Section 185 and explore a detailed example illustrating the exemptions. Stay informed to ensure compliance and make informed financial decisions for your company.
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.
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 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.
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 any loan […]
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.
