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    Section 180(1)(c) Companies Act 2013

    Posted By : SHALU / Published on : 12-Sep-2022 09:10 AM / View : 64 / Comment : 0

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    Formed a management committee and delegated the power to borrow money (within the statutory limit of Section 180(1)(c)) alongwith its related documentations and filings.

    Generally, we file MGT 14 every time we avail loans from banks.

    My question is if the power is delegated to the Management Committee to borrow money on behalf of the Board, we do not have to file MGT 14 everytime , being a Public listed company?
    Read more on : companies 1801c section

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