Associate company

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Shreya Banerjee (Querist)
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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

CS Mitesh Mehta (Expert)
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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.

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