Giving loan and guarantee
This query is : Resolved
RACHANA DAGA
(Querist)
04 February 2016
Can private company give loan or guarantee to unlisted public limited company if both company have common directors and their voting power and shareholdings in both companies are less than 25%????
CS Divesh Goyal
(Expert)
04 February 2016
If voting director of Private Company holding less then 25% shares of Public Company then provision of 185 will not attract.
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