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Loan to subsidiary

This query is : Resolved 
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(Querist)
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.
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Soumitra Basu

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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.
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