Loan from Shareholder company

This query is : Resolved

Muralidharan (Querist)
Follow

10 September 2009 Dear Sir

ABC is a private limited company holding 97% shares of a public limited company. In other words the public limited company is a subsidiary of the private limited company.

Can the public limited company avail loan from its shareholder / holding company which is a private limited company.

with regards

Muralidharan

CS Vivek Hegde

CS Vivek Hegde (Expert)
Follow

11 September 2009 Dear Mr. Muralidharan

I do not find any bar on that.

Section 372A which puts restriction on intercorporate loan is not applicable to a loan given by holding co to its subsidiary.

rgds

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SUMAN SAHA

CA Rahul Patwardhan

T E SOUNDARARAJAN

Hanuma Yanduri

CA Bijo scaria

Subscribe Now

Loan from Shareholder company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Accountant

Article Assistant