section 185 articles

Detailed Analysis of Section 185 – Loan to Directors

SECTION-185 ⇓ LOAN, GUARANTEE OR PROVIDING SECURITY TO DIRECTORS, ETC. OBJECTIVE OF SECTION 185 ⇓ 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 ⇓ This Section Shall be Applicable to ALL COMPANIE...

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Posted Under: Company Law |

Company Law Section 185- Prohibition, Restriction Exemption & Penalty

Section 185 of the Companies Act, 2013 regulates the provisions relating to grant of loans to directors of the company. Article explains Prohibition on grant of loans to directors  under section Section 185 (1), Restriction under Section 185(2) on grant of loans to directors of the company, Exemption under Section 185(3) against on grant...

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Analysis of Section 184, 185 and 186 of Companies Act, 2013

Disclosure of Interest by Director under Section 184, Loan to Director under Section 185 and Loan and Investment under Section 186 of the Companies Act, 2013. This Article aims to bring a clear vision on the Disclosure of Interest by Director under Section 184, Loan to Director under Section 185 and Loan and Investment under […]...

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Loan to Directors| Section 185 Provisions | Companies Act, 2013

Legal Provision:- Section No. 185: 1. No company shall, directly or indirectly, give advance any loan, including any loan represented by a book debts to or give any guarantee or provide any security in connection with any loan taken by- Any director of company or of a company which is its holding company or any […]...

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Provisions of Loan from Directors under Companies Act, 2013

Before jumping into the main discussion, let us have a look into the important term as under: Loans is not defined anywhere in the Companies Act, 2013. However, in normal parlance, any transaction in which money is given with the intention to be returned either with or without interest is termed as loan. Deposits include […]...

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Loan to Director under Companies Act, 2013

Loan to Directors under Companies Act, 2013 1. Section 185(1) Prohibition No company shall give, advance any loan, including any book debts to, or provide any security or give  any guarantee in connection with any loan taken by- a. any director of company, or of a company which is its holding Company or any partner […]...

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Section 185 – Loan to Directors- An Overview

♦ Purpose of the provisions of Section 185:  To address the difficulties being faced in genuine transactions due to the complete embargo on providing loans to subsidiaries with common directors, the companies are permitted to give loans to entities in which directors are interested after passing special resolution and adhering to discl...

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Loan to Directors by Companies – Section 185

Loan to Directors, etc. Section 185 of Companies Act, 2013, explains the provisions related to loans or advances to directors or any security provided in connection with any loan taken by him or his relative either directly or indirectly by the company and also the punishment for contravention of the provisions of this section. The [&hell...

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Summary of section 185 of Companies Act, 2013: Loan to Directors

The summary of the provision related to Loan to Directors as per section 185 of the Companies Act, 2013 is given below: A. Compliance required: Section 185(1) 185(2) Facility Provide Loan, Give Guarantee or Provide Security Provide Loan, Give Guarantee or Provide Security Lender Any Other Company Any Other Company Borrower a) Its director...

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Section 185- Loan, Guarantee & Security to Director & related parties

1. Objective of Section 185 of Companies Act, 2013:- In order to prevent Directors and their related persons to derive out the funds of the company by way of presenting loan with an intention to not to repay such amount subsequently. Hence that loan becomes non performing asset for the company. 2. Legal Provisions of […]...

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Posted Under: Company Law |

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