Companies Amendment Act 2017 Loans and Guarantee

Companies Amendment Act 2017 Loans and Guarantee

Companies Amendment Act 2017 for Loans and Guarantee section 185 completely rewritten 

Companies Amendment Act 2017 regarding Loans and Guarantee says section 185 been completely rewritten under the amendment act 2017 it has been proposed to allow companies to give loans, guarantees, provide security to any person in whom any director is interested subject to passing of special resolution and utilization of loans by the borrower for its principal business activities