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1. What is Form MBP-2? 

Form MBP-2 is used to maintain the proper register for loans, Guarantees, Security, and Acquisitions. Any company that makes a loan, provides a guarantee, provides protection, or makes a security acquisition must keep a register in Form MBP 2 and enter the details of the loans and guarantees issued, securities provided, and acquisitions made as aforesaid separately from the date of its incorporation. 

The entries in the register must be made chronologically in respect of any such transaction within seven days of making such a loan, giving a guarantee, providing protection, or making an acquisition. The register must be held at the company's registered office and must be maintained permanently in the custody of the company secretary or any other individual approved by the company.

2. Why is it important?

Form MBP-2 contains the format of the Company's Register of Loans, Guarantees, Security, and Acquisitions. To save time and effort, this document has been prepared for every company. This helps in the proper maintenance of the records, and this will not lead to mismanagement or fraud in the company.

To access this Sample Agreement / Template, please fill in the details below and it will be emailed to you shortly.