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Loan by a pub. ltd subsidiary co. to its pvt ltd holding co.

This query is : Resolved 
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(Querist)
04 December 2017 Can a holding company receive loan from its subsidiary.
Holding company is a private limited company. And subsidiary company is a Public limited company. Both holding and subsidiary company have common directors.
So, can the subsidiary company give loan to its holding company
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
07 December 2017 The directors of subsidiary company do not hold any shares in holding company or is not directors of holding company. Section 185 is not attracted.
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