Dec 2, 2019
WHILE EXCHANGING LOANS CORPORATE SHALL ADHERE TO FOLLOWING SECTION AND THE RULES MADE THEREUNDERI Accepting Loan from other companiesIn pursuance of Section 179 -Power of Boards of Companies Act 2013 every company shall pass a Board Resolution to borrow moneyFurther in pursuance of Sec 180 -Restrictions on Power of Board and amendment thereofAny public
Any public company which borrow money and where the money to be borrowed, together with the money already borrowed by the company exceeds aggregate of its paid-up share capital and free reserves, than such company shall pass Special Resolution for such borrowing and file MGT -14 within 30 days of passing such resolution.