372a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
Can a public Company waive off interest due on a inter corporate loan.
if there will be any difference if the companies are holding subsidary.
if there will be any difference if the companies are holding subsidary.
Guest
Guest
(Expert)
24 September 2011
Yes, Public Co waive off interest / bad debts etc... A Simple Board resoln will be enough.
Loan to 100 % Subsidiary will not be covered under the Purview of Section 372A.
Regards
Sriram
Loan to 100 % Subsidiary will not be covered under the Purview of Section 372A.
Regards
Sriram
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