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
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.
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 |
The 5 steps below run in order; the day counts show how long each one allows.
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.
About 104 days across 5 steps. The first step is: Board Approval.
MGT-14 and MBP-2. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013.
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.