Loan to subsidiary
This query is : Resolved
28 May 2012
Dear Experts,
Our client, a Pvt Ltd company has given loans to its subsidiary (Pvt Ltd) co.
However, Parent company does not charge interest on the said loan.
What provisions will get attracted to the Parent Company under Companies Act, 1956?
Thanks & Regards,
Akash Shukla.
Our client, a Pvt Ltd company has given loans to its subsidiary (Pvt Ltd) co.
However, Parent company does not charge interest on the said loan.
What provisions will get attracted to the Parent Company under Companies Act, 1956?
Thanks & Regards,
Akash Shukla.
Soumitra Basu
(Expert)
29 May 2012
Under the companies act you have to mention whether the same has entered in the register maintained under section 301 of the companies act. You have to see the terms and conditions of the loan and see whether the same is prejudical to the interest of the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
