Loan given by Holding Co. to Subsidiary Co. does not always attract Sec.185

CA Nitesh Kumar More , Last updated: 31 May 2014 Share Follow on Google News

There is a general conception that if subsidiary co do not utilize loan given by its holding co for its principal business, provisions of sec 185 is attracted each every time. In other words, if loan given or guarantee given or security provided by holding co to its subsidiary is not exempted by th

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About the Author

CA Nitesh Kumar More

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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