prakash
(Company Secretary)
(1352 Points)
Replied 10 August 2015
Pritesh,
I opine that loans and guarantee given, security provided and acquisation made by holding company to wholly owned subsidiary must be taken into consideration while calculating limits for purpose of section 186 (3) of CA, 2013. what is expempted is taking prior approval by means of a special resolution where a loan or guarantee is given or where a security provided by a company to its wholly owned subsidiary company..
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