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Inter corporate loans

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(Querist)
24 January 2012 What are the conditions to be satisfied for a lending and receiving company (both being public unlisted companies) for inter corporate loans ? Is it solely covered by Sec 372A of Companies Act?
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
24 January 2012 Section 372A

Section 293(1)(d) borrowing powers

SEction 58A read with Acceptance of Deposit Rules, 1975
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Suraj S

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Suraj S (Querist)
25 January 2012 Sir, but what i heard is that The Acceptance of Deposit Rules and Sec 58A is applicable only to deposits made from public and the same will not be applicable on corporate loans. Can you just clarify me on this point.
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Guest (Expert)
07 February 2012 372A is applicable....
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