Register of loans and investments required under section186(9) records transactional details, approvals, and acquisition disclosures. Form MBP-2 prescribes a statutory Register of loans, guarantee, security and acquisition under section186(9) and rule 12(1). It requires recording the transaction nature, date, recipient (listed/unlisted), amount, time period, purpose and percentage exposure to paid up capital, free reserves and securities premium. The register must record board and special resolution dates; for loans, rate of interest and maturity; for acquisitions, securities details, cost and sale information. Signature blocks for company officers and place and date are required.
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Provisions expressly mentioned in the judgment/order text.
Register of loans and investments required under section186(9) records transactional details, approvals, and acquisition disclosures.
Form MBP-2 prescribes a statutory Register of loans, guarantee, security and acquisition under section186(9) and rule 12(1). It requires recording the transaction nature, date, recipient (listed/unlisted), amount, time period, purpose and percentage exposure to paid up capital, free reserves and securities premium. The register must record board and special resolution dates; for loans, rate of interest and maturity; for acquisitions, securities details, cost and sale information. Signature blocks for company officers and place and date are required.
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