Can a company give loan to its group companies?

| Last updated: 06 November 2013

Can a Company give loan to group companies under Company Act, 2013? Many corporate including Pvt Ltd Cos have other related group companies and they transfer money to from other company as and when require. Stop doing this, evenretrospectively from 12th Sep, 2013 as these can be treated as
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CA Nitesh Kumar More

About the Author

Chartered Accountant

CA NITESH KUMAR MORE Author of 4 Books: Handbook on Professional Ethics, Handbook on SA, Handbook on Bank Audit, Advanced Auditing And Professional Ethics. Is a Co-opted Member of Company Law Committee of ICAI (EIRC), Co-chairman Company Law Committee, DTPA Is a special Invitee to executive com ... Read more

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