Loan by pvt ltd co
This query is : Resolved
CA Pramod Jain
(Querist)
11 October 2013
whether a pvt ltd company in wholesale trading business can give loan to another non related company, and also that non related company has pledged some shares in favor of company to secured this ICD.
Ajay Mishra
(Expert)
11 October 2013
Hi
No, it can not give loan to other company, because it is not its business.
No, it can not give loan to other company, because it is not its business.
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