inter corporate borrowing
This query is : Resolved
24 November 2009
Whether a company can take or not a loan without any ceiling?
24 November 2009
A private limited company can take any amount of inter corporate deposit (ICD).
A public limited can also take any amount of ICD subject to provisions of Section 293(1)(d) of the companies act
A public limited can also take any amount of ICD subject to provisions of Section 293(1)(d) of the companies act
24 November 2009
yes,for public company sec.293(1)(d) should be follow.
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