Can the subsidiary company give guarantee or loan to holding

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Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2015 can the subsidiary company give guarantee or loan to holding Company and vice versa

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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27 February 2015 YES.

Provided the directors of subsidiary company do not hold any shares in holding company or is not directors of holding company

Section 185 is not attracted

CS Divesh Goyal

CS Divesh Goyal (Expert)
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03 March 2015 company cant give loan to director and the persons interesred in directo.sent me.mail at
csdiveshgoyal@gmail.com
i will mail u cmplt process.
i have written article.