Form MBP-2 is the Register of Loans, Guarantee, Security and Acquisition made by the company under Section 186(9) of the Companies Act, 2013 and Rule 12(1). Entries are made chronologically within seven days of the transaction and the register is preserved permanently at the registered office.
What this register records
- Date and nature of transaction (loan / guarantee / security / acquisition)
- Name of the body corporate or person
- Listed or unlisted
- Amount
- Purpose for which utilised by the recipient
- Time period / maturity and rate of interest (for loans)
- Security or acquisition details and cost
- Exposure as % of paid-up capital, free reserves and securities premium
- Date of Board resolution and special resolution
- Date of repayment / cessation / sale
Pass the loan or investment resolution with our Board Resolution generator →
Frequently asked questions
When must entries be made in Form MBP-2?
Entries must be made chronologically within seven days of making the loan, giving the guarantee, providing the security or making the acquisition.
Where is the MBP-2 register kept?
It is kept at the registered office, preserved permanently, in the custody of the company secretary or a person authorised by the Board.
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Disclaimer: Provided free for general record-keeping convenience; not legal or professional advice. Maintain statutory registers in the formats and timelines prescribed under the Companies Act, 2013 and the rules made thereunder, and verify particulars with your company secretary or professional adviser.
