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Section 185 of the Companies Act and its impact on lending transactions

/ | 4 Comments on Section 185 of the Companies Act and its impact on lending transactions

Section 185, effective from September 12, 2013 and Section 186, effective from April 1, 2014 are two provisions of the (“Act”) which have created much anxiety among the business community because of its direct impact on capability of the businesses to raise finance. A bare reading of Section 185 of the Act, suggests that advancing […]

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