banner_ad

372a v/s 295

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 June 2012 Sir,

if public company gives loan to one of its group company which is under the same management and directors hold more than 25% voting power in both the companies whether section 295 of the companies act is applicable or we need to see only section 372A as it is of exclusive proviso for inter corporate loan.

Kindly suggest me the course of action to be taken in this regard for the loan made without approval of government and kinldy suggest me the case law if any on this .
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
08 June 2012 Hi

Section 295 deal with loan to directors of the public company.

Section 372A deal with loan to any other body corporate not covered under subsection (8) of this section.

This is the difference of section 292 and section 372A of the Companies Act, 1956.


Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details