https://www.taxtmi.com/article/detailed?id=5638 Section 186 restricts corporate loans, guarantees, securities and investments and limits investment layers to two, requiring a special resolution for transactions exceeding prescribed exposure limits. Board approval must be given at a meeting with unanimous consent of directors present and, where applicable, prior approval of the public financial institution if a term loan subsists or defaults have occurred. Loans to wholly owned subsidiaries and certain financing entities are exempt from limits. Companies must maintain a Form MBP-2 register with entries within seven days, kept at the registered office and authenticated by the company secretary. en-us Wed, 28 May 2014 09:11:08 +0530 Wed, 28 May 2014 09:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5638 Section 186 restricts corporate loans, guarantees, securities and investments and limits investment layers to two, requiring a special resolution for transactions exceeding prescribed exposure limits. Board approval must be given at a meeting with unanimous consent of directors present and, where applicable, prior approval of the public financial institution if a term loan subsists or defaults have occurred. Loans to wholly owned subsidiaries and certain financing entities are exempt from limits. Companies must maintain a Form MBP-2 register with entries within seven days, kept at the registered office and authenticated by the company secretary. Articles Corporate Laws / IBC / SEBI Wed, 28 May 2014 09:11:08 +0530 https://www.taxtmi.com/article/detailed?id=5638