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 ... Summary
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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