Alerts & Updates

  • RBI grants in-principal approval for Payment Banks.


  • Online reporting with RBI.


  • Note on clarification issued by MCA.

Clarification issued by MCA on granting Loans or Advances to Employees

In order to mitigate the burden faced by a large number of Companies, the Ministry of Corporate Affairs ("MCA') in its latest circular has given clarification with respect to applicability of Section 185 and Section 186 of Companies Act, 2013 ("Act") relating to granting of loans and advances by Companies to its employees. The said circular is issued vide General Circular No. 04/2015 dated March 10, 2015.

- Clarification issued by MCA on granting Loans or Advances to Employees