Loan and investment by a company under section 186 of the Act.

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..... owned subsidiary company or a joint venture company, or acquisition is made by a holding company, by way of subscription, purchase or otherwise of, the securities of its wholly owned subsidiary company, the requirement of sub-section (3) of section 186 shall not apply: Provided that the company shall disclose the details of such loans or guarantee or security or acquisition in the financial s .....

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..... s, in excess of the limits specified under the regulations applicable to such company, pursuant to which it has obtained certificate of registration from the Securities and Exchange Board of India. *********** NOTES:- 1. Substituted vide NOTIFICATION No. G.S.R. 777(E) dated 11-10-2019 before it was read as business of financing of companies - - statute, s .....

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