Can ECB be availed of for making equity investment domestically or buying goodwill?
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borrowing
commercial
external
What is the procedure for inclusion of borrowing power in MOA and AOA of the company and share Format of borrowing clause to be inserted in MOA and AOA of the pvt ltd company.
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borrowing
regard
alteration
Required Board resolution format for loan from directors and other company along with applicable provisions under Companies Act 2013
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required
Dear Sir,
Can a private limited company borrow the money from another company and the borrowing money is used for repayment of existing loans with the bank?
what is definition of principal business activities?
Dear Sir,
Can a private limited company borrow the money from another company and the borrowing money is used for repayment of existing loans with the bank?
What is definition of principal business activities?
Kindly clarify me whether borrowing limits under Section 180(1)(c) covers the corporate guarantee provided by the company to bank on behalf of its subsidiary company.
E.G. A Ltd.(Holding company) borrowing Limits Rs. 300Cr. Loan taken by A Ltd. is Rs. 200 Cr. B Ltd. (wholly owned Subsidiary of A Ltd.) owed a loan Rs. 150 Cr on the guarantee of A Ltd. Whether the borrowing limit of A Ltd. is required to be increased to Rs. 350 Cr.(Rs.200 Cr. and Rs.150 Cr.) ?
Dear Members,
The Indian Company has borrowed funds from a Bank situated in India, whereas the Guarantee is extended by the Foreign Holding Company.
Can any one suggest What are all the compliance applicable under Companies Act and FEMA ?
subsidiary
borrowings
holding
foreign
given
guarantee
Dear Members,
The Indian Company has borrowed funds from a Bank situated in India, whereas the Guarantee is extended by the Foreign Holding Company.
Can anyone suggest What are all the compliance applicable under the Companies Act and FEMA ??
subsidiary
borrowings
holding
foreign
given
guarantee
Hi,
One of my client (Private limited company) wanted to get a credit card from Axis bank. They have turned down the request saying the MOA/AOA do not have a borrowing clause. Help me with this:
1. Is it required to have a borrowing clause both in AOA/MOA
2. If it is not there, should we amend it?
Thanks for your help
Hi,
One of my client (Private limited company) wanted to get a credit card from Axis bank. They have turned down the request saying the MOA/AOA do not have a borrowing clause. Help me with this:
1. Is it required to have a borrowing clause both in AOA/MOA
2. If it is not there, should we amend it?
Thanks for your help
Dear Members,
A public unlisted company wishes to issue debentures on private placement which is within borrowing powers under sec 180(1)(a)of CA Act,2013.
Kindly elaborate me the procedure for the same.
whether valuation report will be required for the same like shares? and other formalities ?
Whether borrowings and/or creation of security, based
on the basis of ordinary Resolution under section 293 of
the Companies Act, 1956 are valid.
security
creation
andor
borrowings
