Is it permissible for a company to obtain an unsecured loan from entities other than its directors or shareholders?
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Regarding the disclosure of outstanding unsecured loans from external parties other than Directors, promoters, and their relatives, for a private company that has held these loans for several years, could you please clarify the appropriate section in DPT-03 where these loans should be disclosed?
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Click here to view / answer Share it onWhat are the reporting and disclosure requirements for loans and borrowings by a company?
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Can a company provide loans or guarantees to entities outside its group under the Companies Act 2013?
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In a startup Pvt. Ltd. Company Director is being provide loans wef 01/06/2022 to the company as per requirement in the company mainly for paying salary, till date she has given Rs. 1.80 Cr. Now she wants to convert this loan into equity at current valuation of the company (that comes Rs. 48000/+ as per DCF). So far MGT -14 is not filled for this Loan conversion into equity as required under section 62(3). Pls suggest what to do in this case. As for allotment PAS 3 is required to be filled and in PAS -3 reference of MGT -14 is also required
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As per section 185 of the Companies Act 2013, no company can give loan or
Guarantee in respect of loan to director or any other person in which such
director is interested. Can a company give corporate guarantee or offer
security in respect of any loan taken by its subsidiary/company in which
director is interested/ where management is common from the Bank?