Company Law : Section 186(2) covers guarantees connected with loans, while MCA Circular No. 04/2015 clarifies that genuine performance guarantee...
Company Law : Step-loans can unintentionally violate Section 185 by creating indirect loans to directors. Companies often overlook how layered t...
Company Law : Understand Section 186 of the Companies Act, 2013, covering company loans, investments, and compliance requirements, including boa...
Corporate Law : Learn about intercorporate transactions, limitations, and compliance under Section 186. Get insights on loans, guarantees, and sec...
Company Law : Dive into Section 186 of the Companies Act, 2013, exploring its impact on Non-Banking Financial Companies (NBFCs). Discover regula...
Company Law : Loan and investment by company- Section 186 186. (1) Without prejudice to the provisions contained in this Act, a company shall un...
Income Tax : The Tribunal found that CBDT notifications issued under TOLA extended the period for departmental actions, including rectification...
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 deletes addition on whole amount from sale of shares in Nikunj Kaushik Shah Vs ITO case, criticizing unwarranted litig...
Corporate Law : Under section 45 of PMLA Act, the extent of involvement of the persons falling in such category in the alleged offences, the natur...
Company Law : In cases where the effective yield (effective rate of return) on tax free bonds is greater than the prevailing yield of one year,...
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 ...
Loan and investment by company- Section 186 186. (1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies: Provided that the provisions of this sub-section shall not affect,— (i) a company from acquiring any other company incorporated in […]
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 clarification will, however, be applicable if such loans/advances to employees are in accordance with the conditions of service applicable to employees and are also in accordance with the remuneration policy, in cases where such policy is required to be formulated.
Loan and Investment by Company Under section 186 of the Companies Act, 2013 – The Sub Section (1) of Section 186 is applicable on all Companies either private Companies or public Companies.
