Much awaited sigh of relief as borrowing and lending provisions for Private Companies relaxed up to some extent

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of said section of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, has directed vide its notification dated 5th June, 2015 that certain provisions of the Companies Act, 2013, shall not apply to the Private Limited Companies. For details follow the link:

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