Question ID :
40462
public borrowings/finanxial institutions
in section 139(2) of companies act public borrowings from financial institutions .... whats is the meaning of public borrowings or what is the meaning of financial institutions please....... public borrowings as per defination is tradable instrument
Posted by
MANOJ
on
Nov 13, 2019
Filed Under
Companies Act, 2013
Answer ID :
83596
Financial Institution is defined u/s 2(39) of the Companies Act, 2013-financial institution includes a scheduled bank, and any other financial institution defined or notified under the Reserve Bank of India Act, 1934 (2 of 1934); and financing from those institutions are public financing.
Posted by
CA. JHA SHANKAR KUMAR on
Aug 11, 2022