Posted By : Pankaj Panchal
/ Published on :
18-Jul-2018 12:48 PM / View :
246 / Comments :
Hello Ekta Pandey ji, you have written very nicely and much elaborating manner. I have a doubt regarding clause of Order 2016 in 3 (iii) and 3(iv).
Whether Loan to Directors u/s 185 or loan & investment u/s 186 is required to be covered under clause 3(iii) "Whether the company has granted any loans, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013. If so, whether the terms and conditions of the grant of such loans are not prejudicial to the company’s interest" or not.
Whether contracts or arrangement constitute loan & advance u/s 188 or u/s 184(2) or only covers operational transaction like sale, purchase, leasing as specified u/s 188 only.
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