loan by a pvt co to another pvt co or firm
This query is : Resolved
KISHORE KUMAR MNS
(Querist)
27 May 2010
I am interested to know whether a Pvt Company can grant loan to another pvt company or firm or to a director,
if the answer is yes is there exists any limit
if the answer is yes is there exists any limit
CA. B.SRINIVASULU
(Expert)
27 May 2010
A private company whose main activity is financing can lend to any pvt company or director or firm. But a non finance pvt company can only lend to another private company only. As per RBI there is no seperate limits fixed for these type of transactions.
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