Associate company
This query is : Resolved
Shreya Banerjee
(Querist)
13 March 2016
Sir my question is suppose A s company and B s an associate company of A. Now A wanna take loan on B's property I mean B wanna gv his land as guarantee as collateral scrutiny wats the compliance in case of a and v?
CS Mitesh Mehta
(Expert)
14 March 2016
Loan given by company to associates company
Directors of Associates Company are not director of lending company or BOD, MD, Manager whereof is accustomed to act in accordance with the directions of the BOD or directors of the lending company. The section 185 is not attracted.
Directors of Associates Company are not director of lending company or BOD, MD, Manager whereof is accustomed to act in accordance with the directions of the BOD or directors of the lending company. The section 185 is not attracted.
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