Inter company transactions under same management
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2014
1. Can a company give loan to other Co. . The Management is same in both the companies.
2. Can one comany give security Deposit to other company for using its office space.
3. Can a company buy shares in other company whose management is same.Can the directors have shars vice-e-versa.
2. Can one comany give security Deposit to other company for using its office space.
3. Can a company buy shares in other company whose management is same.Can the directors have shars vice-e-versa.
24 April 2014
1. not allowed under section 185 of the companies act (assuming common directors)
2. this should normally be ok as long as the deposit is reasonable (arm's length principle)
3. query not clear
2. this should normally be ok as long as the deposit is reasonable (arm's length principle)
3. query not clear
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