Inter corporate laons
This query is : Resolved
17 February 2012
Hi,
I want to know that can a private limited company can give loan to any other inter private limited company.
I want to know that can a private limited company can give loan to any other inter private limited company.
Ajay Mishra
(Expert)
17 February 2012
Hi
The provision of section 372A dealing with inter corporate loan will not apply to private company unless it is subsidiary of public company.
Regards
Ajay Mishra
The provision of section 372A dealing with inter corporate loan will not apply to private company unless it is subsidiary of public company.
Regards
Ajay Mishra
17 February 2012
Agree with Ajay Sir
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