SECTION 186

Shubhra garg

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Jul 18, 2014, 6:59:46 AM7/18/14

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Dear All,

If a company had already made investment or given loan under section 186, is there any compliance that we have to follow?

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CS Shubhra Garg

Venkat Ragavan

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Jul 19, 2014, 5:32:31 AM7/19/14

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The CA 2013 does not indicate that the provisions of Section 186 are retrospective. Rule 13 (1) of the Rules, however, provides that a special resolution would have to be passed within 1 (one) year from the date of notification of these provisions.

correct me if I am wrong

Warm Regards,

V.Venkata Ragavan

Company Secretary
9444064035

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csyogan .

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Jul 21, 2014, 1:41:18 AM7/21/14

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is the investment / loan referred to in your query made / given before 1st april, 2014

in which case, you need to pass a special resolution within 1 year from the date of coming into effect of the said provision i.e., 1 year from 1st april, 2014; pls. refer to explanation to rule 13 of chapter xii rules.

regards,
yogan.

On Fri, Jul 18, 2014 at 4:29 PM, Shubhra garg <shubhra...@gmail.com> wrote:

Rakhi Singh

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Jul 22, 2014, 3:08:30 AM7/22/14

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as per my knowledge sec 186 came into force w.e.f 12 sep, 2013.

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Thanks & Regards,

Rakhi Singh

Company Secretary

NKG Infrastructure Limited

CIN-U74899DL1989PLC038371

Tel-+91-11-23413731

Fax-+91-120-4537458

Mob# - +919990664838

Venkat Ragavan

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Jul 23, 2014, 12:39:06 AM7/23/14

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Ms,Rakhi Singh

Section 186 came into force w.e.f 1st April 2014 only.

Warm Regards,

V.Venkata Ragavan

Company Secretary
9444064035

ankit vageriya

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Jul 23, 2014, 12:54:13 AM7/23/14

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you have to pass a Special Resolution before 11th September 2014 in General Meeting/EGM.

Regards

Ankit Vageriya

Ankit Vageriya ( Company Secretary)

Mobile: +91-9327610869

š Email : ankit@polylinkpolymers.com

POLYLINK POLYMERS ( I ) LTD
506, Saffron Building, Nr. Centre Point,
Ambawadi, Ahmedabad-380006
( Tel : +91 79 26565200/26427800
7 Fax : +91 79 26421864
" www.polylinkpolymers.com

Shubhra garg

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Jul 23, 2014, 1:37:14 AM7/23/14

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Section 186 came into force w.e.f Sep, 2013. Am i right??

CS Shubhra Garg

ankit vageriya

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Jul 23, 2014, 1:38:48 AM7/23/14

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12th September 2013

Ankit Vageriya ( Company Secretary)

Mobile: +91-9327610869

š Email : ankit@polylinkpolymers.com

POLYLINK POLYMERS ( I ) LTD
506, Saffron Building, Nr. Centre Point,
Ambawadi, Ahmedabad-380006
( Tel : +91 79 26565200/26427800
7 Fax : +91 79 26421864
" www.polylinkpolymers.com

Shubhra garg

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Jul 23, 2014, 1:40:57 AM7/23/14

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ok...thanks..

Shubhra garg

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Jul 31, 2014, 7:32:31 AM7/31/14

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After passing special resolution, we have to file MGT 14? or any other form is also required?

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CS Shubhra Garg

Ramavtar Goyal

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Jul 31, 2014, 9:16:46 AM7/31/14

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Whether Loan to employees is also covered under this section

ndeep1906

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Jul 31, 2014, 11:59:33 PM7/31/14

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In my company .. loan has already been given to three employee without board resolution/special resolution. .

How to rectify it?

Sent from Samsung Mobile

Venkat Ragavan

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Aug 1, 2014, 12:10:42 AM8/1/14

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If loan given after 01.04.2014 then you have to pass the resolution predated as file MGT-14.

Warm Regards,

V.Venkata Ragavan

Company Secretary
9444064035

Shweta Daga

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Aug 1, 2014, 2:02:59 AM8/1/14

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Dear All, Sec 186 ws notified on 01.04.2014. PFA for reference.

Thanxs & Regards

Shweta Daga

Mob 7838657554

CommencementNotificationOfCA2013.pdf

Ramavtar Goyal

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Aug 1, 2014, 6:05:16 AM8/1/14

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Dear Friends,

For compliance of Section 186 sub section (2) of CA 2013.

No company shall directly or indirectly --

(a) give any loan to any person or other body corporate;

(b) give any guarantee or provide security in connection with a loan to any other body corporate or person; and

(c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, exceeding sixty per cent. of its paid-up share capital, free reserves and securities premium account or one hundred per cent. of its free reserves and securities premium account, whichever is more.

Whether loan given to employees also covered under this section.

If yes then whether we need to charge the interest as per prevailing yield of one year, three year, five year or ten year Government Security closest to the tenor of the loan.

Please advice

regards

Ramavtar Goyal

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