Latest Post :
Home » , , » Clarlfication wlth regard to section 180 of the Companies Act, 2013.

Clarlfication wlth regard to section 180 of the Companies Act, 2013.

Written By Admin on Wednesday, 26 March 2014 | Wednesday, March 26, 2014





General Circular no. 04 /2014
No. Il32l20I3- CL V (ft. File)
Government of India
Ministry of Corporate Affairs


5th Floor, 'A'Wing, Shastri Bhavan,
Dr. R P Road, New Delhi-l10001.
Dated:25103120L4


To
All Regional Directors,
All Registrar of Companies,
All the Stakeholders,

Subject: Clarlfication wlth regard to section 180 of the Companies Act, 2013.

Sir,

This.Ministry has received many representations regarding various difficulties arising out of implementation of section 180 of the Companies Act, 2013 with reference to borrowings and/or creation of security, based on the basis of ordinary resolution. The matter has been examined in the Ministry and it is hereby clarified that the resolution passed under section 293 of the Companies Act, 1956 prior to 12.09.2013 with reference to borrowings (subject to the limits prescribed) and / or creation of security on assets of the company will be regarded as sufficient compliance of the requirements of section 180 of the Companies Act, 2013 for a period of one year from the date of notification of section 180 of the Act.

Yours faithfully,
KMS Narayanan
Assistant Director (Policy)
Ph. no. 23387263
Copy to: Guard File
Share this article :

0 comments :

Speak up your mind

Tell us what you're thinking... !

2500 + Subscribers

Get Toolbar

Get our toolbar!

Read article on Android Phone

Share your file

Forum

Get updates on Facebook

Popular Posts

 
Support : Creating Website | Johny Template | Mas Template
Copyright © 2011-2013. YourKnowledgeportal - All Rights Reserved
Original Design by Creating Website Modified by Adiknya
Blogger Widgets