Borrowings
All companies. The Board may borrow money within limits approved by shareholders. Total borrowings (other than temporary loans) cannot exceed the paid-up capital, share premium, and free reserves of the Company without a Special Resolution by shareholders.
If total borrowings exceed the aggregate of paid-up capital, share premium, and free reserves, a Special Resolution under Section 180(1)(c) is required. Creation of charge on assets requires filing Form CHG-1 within 30 days.
Section 180(1)(c), Companies Act 2013
0 / 4 answered
Upload MCA company master data
CSV export from MCA portal — auto-fills Company Name, CIN, Address & Email
MCA portal → Company Master Data → Download as CSV
Enter the name exactly as on the Certificate of Incorporation.
Corporate Identification Number - 21 characters.
Used on the letterhead. Leave blank to omit.