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Amendment of section 186.

Clause 62 - Bills - THE COMPANIES (AMENDMENT) BILL, 2017 - COMPANIES (AMENDMENT) BILL, 2017 - Clause 62 - 62. In section 186 of the principal Act,- (i) in sub-section (2), the following Explanation shall be inserted, namely:- 'Explanation.-For th .....

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of the loans and investment so far made, the amount for which guarantee or security so far provided to or in all other bodies corporate along with the investment, loan, guarantee or security proposed to be made or given by the Board, exceed the limi .....

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e is given or where a security has been provided by a company to its wholly 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 whol .....

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ion (4). . (iii) for sub-section (11), the following sub-section shall be substituted, namely:- "(11) Nothing contained in this section, except sub-section (1), shall apply- (a) to any loan made, any guarantee given or any security provided or a .....

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providing infrastructural facilities; (b) to any investment- (i) made by an investment company; (ii) made in shares allotted in pursuance of clause (a) of sub-section (1) of section 62 or in shares allotted in pursuance of rights issues made by a bod .....

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