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inter corporate loan

This query is : Resolved 
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(Querist)
20 August 2009 One compnay has transcation with group for purchase but both r public company so sec 297 is not attracted here, but one co. has created two diff. account of another company in one of which transaction of purchase & in another account transacation of money lending & borrowing , whther it attract any section or not
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Jagruti (CS)

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Jagruti (CS) (Expert)
21 August 2009 In case of lending check compliance of 372A & 295 & borrowing 293(1)(d) & 292 (1)(c).
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