Section 185 of Companies Act, 2013

    Posted By : Damini / Published on : 07-Jul-2020 08:23 AM / View : 66 / Comment : 0
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    Section 185 puts restriction on company with regards to Loan to Directors, etc. MCA vide Notification dated 5th June, 2015, exempted private companies from section 185 subject to fulfillment of 3 conditions.

    Further, Section 185 is replaced by new provision as per Companies Amendment Act, 2017. Now my question is, whether the exemption notification dated 5th June, 2015 is still applicable to Private Companies or not?
    Read more on : companies section

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