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Inter corporate laons

This query is : Resolved 
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(Querist)
17 February 2012 Hi,

I want to know that can a private limited company can give loan to any other inter private limited company.
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Ajay Mishra

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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
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CS Rajveer Rai, Gurgaon

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CS Rajveer Rai, Gurgaon (Expert)
17 February 2012 Agree with Ajay Sir
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samita

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samita (Querist)
17 February 2012 Thankss Ajay Sir
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