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loan

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(Querist)
23 June 2011 can a private company give loan to a pavt company

pls expain how and what r the applicable sections
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 June 2011 Yes u can give. But there will be need to pass resolution for granting of loan. section 292 needs to be referred.

If loan is between 301 parties then the same needs to be reported in the CARO report.
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CS Seema

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CS Seema (Querist)
23 June 2011 thanks a lot
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