Inter Corporate Loan
This query is : Resolved
28 April 2011
Can Pvt Ltd Company provide & take loan from Public Ltd Co.?
Can Pvt Ltd Co give & take loan from Directors? &
What in case of Public Ltd Co.??
Can Pvt Ltd Co give & take loan from Directors? &
What in case of Public Ltd Co.??
28 April 2011
Answers to your querries are -
Can Pvt Ltd Company provide & take loan from Public Ltd Co.?
Yes subject to provisions of Section 372A of the Companies Act, 1956.
Can Pvt Ltd Co give & take loan from Directors?
Yes, it can.
What in case of Public Ltd Co.??
It can take loan from directors, however they cannot grant any loan without CG approval as per provisions contained in Section 295 of the Companies Act, 1956.
Can Pvt Ltd Company provide & take loan from Public Ltd Co.?
Yes subject to provisions of Section 372A of the Companies Act, 1956.
Can Pvt Ltd Co give & take loan from Directors?
Yes, it can.
What in case of Public Ltd Co.??
It can take loan from directors, however they cannot grant any loan without CG approval as per provisions contained in Section 295 of the Companies Act, 1956.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
