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Q & A
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0 Ans
Sir / Madam,
As per exemption available u/s 185 - X Private Limited company has advanced loans to its directors.
X Private Limited is to be taken over by the Y Private Limited to make it Y's subsidiary.
After taken over by Y Pvt Ltd. whether it is a violation of section 185 for earlier advances ?
OR
Will it be ban for future advances to directors ?
Kindly reply.
Section 185- Loan to directors, etc.
Posted By: Atul kulkarni 9 year(s) ago
This question has been closed if you want to answer,you have to re-open.
Recently Active Member
RAHUL SELF
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