Companies act

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ooha (Querist)
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08 February 2015 which provision of companies act,2013 is applicable when a subsidiary company gives loan to its holding company? if a holding company gives loan to its wholly owned subsidiary, then it is exempt u/s 185.but what is the situation if subsidiary gives loan to its holding company?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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09 February 2015 Loan given by Subsidiary company to Holding Company and Vice or Versa
The directors of subsidiary company do not hold any shares in holding company or is not directors of holding company. Section 185 is not attracted.

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