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Section 185 (Companies Act)

Restricts a company from giving loans, guarantees or security to its directors and certain connected persons, subject to defined exceptions.

Related terms

  • Section 144 (Companies Act)

    Prohibits a statutory auditor from rendering specified non-audit services to the company it audits, to preserve independence.

  • Section 177 (Companies Act)

    Requires specified companies to constitute an Audit Committee of the board, with defined composition and responsibilities including oversight of the financial reporting process.

  • Section 186 (Companies Act)

    Governs a company's loans and investments to other companies, and the limits and approvals required beyond specified thresholds.

  • Section 203 (Companies Act)

    Requires specified companies to appoint Key Managerial Personnel, including a Managing Director or CEO, a CFO and a Company Secretary.

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