Loan/investment exceeding 60% of paid-up capital + free reserves: Board + SR, maintain register
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.
Board approves the loan/guarantee/investment.
SR required if aggregate exceeds 60% of paid-up capital + free reserves or 100% of free reserves.
File SR with ROC.
Register loan details and file MBP-2.
Maintain register of loans/guarantees/investments per S.186.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.