Insight On Section 186 Of The New Companies Act, 2013.
Comparison of Section 186 of Companies Act, 2013 and Section 372A of Companies Act, 1956 Minutes of proceedings of General Meetings, Board Meetings and other meetings Is Secretarial Standard One More Law Burdening The Industry And Professionals.
MCA also clarified that contracts entered into by companies, after making necessary compliances under Section 297 of the Companies Act, 1956, which already came into effect before the commencement of Section 188 of the Companies Act, 2013, will not require fresh approval under the said section 188 till the expiry of the original term of such contracts.
However, the companies shall also consider applicability of the restrictions under section 185 (dealing with loan to directors etc.) and section 186 (dealing with loans and investments by companies) of the Act, 2013 on the lending as well as the borrowing companies.
SECTION 110. POSTAL BALLOT (Effective from 1st April, 2014)(1) Notwithstanding anything contained in this Act, a company— (a) shall, in respect of such items of business as the Central Government may, by notification, declare to be transacted only by means of postal ballot; and(b) may, in respect of any item of business, other than ordinary business and any business in respect of which.
SECTION 184. DISCLOSURE OF INTEREST BY DIRECTOR (Effective from 1st April, 2014)(1) Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made, then at the first Board meeting held after such change, disclose his concern or.
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Companies Act 2006, Section 186 is up to date with all changes known to be in force on or before 15 May 2020. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.