Caro report
This query is : Resolved
09 August 2011
an pvt ltd co. has given interest free loan out of surplus fund to its group co. (mentioned in register maintained u/s 301).whether this will be treated as Prejudicial to the interest of the comapany for CARO Report [i.e. The companies (auditor's report)order 2003]
09 August 2011
Yes. It is prejudicial because surplus funds can be invested else where on interest.
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