Inter-Corporate Loan / Investment (S.186)
Loan/investment exceeding 60% of paid-up capital + free reserves: Board + SR, maintain register. Inter-Corporate Loan / Investment (S.186) takes 5 steps over about 104 days and is filed with the ROC on MGT-14 and MBP-2.
Last updated: 10 August 2026
What if it’s filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
What is the timeline for Inter-Corporate Loan / Investment (S.186)?
5 steps over about 104 days, filing MGT-14 and MBP-2 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Board Approval | None | within 7 days |
| 2 | Pass SR (if exceeding limit) | None | within 30 days |
| 3 | File MGT-14 | MGT-14 | within 30 days |
| 4 | File MBP-2 (Particulars of Loan) | MBP-2 | within 30 days |
| 5 | Update Register of Investments | None | within 7 days |
What are the steps, in order?
The 5 steps below run in order; the day counts show how long each one allows.
Board Approval
Board approves the loan/guarantee/investment.
Pass SR (if exceeding limit)
SR required if aggregate exceeds 60% of paid-up capital + free reserves or 100% of free reserves.
File MGT-14
File SR with ROC.
File MBP-2 (Particulars of Loan)
Register loan details and file MBP-2.
Update Register of Investments
Maintain register of loans/guarantees/investments per S.186.
- Register of Investments updated
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
Common questions
How long does Inter-Corporate Loan / Investment (S.186) take?
About 104 days across 5 steps. The first step is: Board Approval.
Which MCA forms are filed for Inter-Corporate Loan / Investment (S.186)?
MGT-14 and MBP-2. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013.
What does it cost if MGT-14 and MBP-2 are filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Can OnCompliance run Inter-Corporate Loan / Investment (S.186) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.