Loans
This query is : Resolved
21 March 2011
Dear Members,
Can a listed company accept loans from a private company? If so what are the sections that will be attracted under Companies Act. Kindly clarify.
Regards
Can a listed company accept loans from a private company? If so what are the sections that will be attracted under Companies Act. Kindly clarify.
Regards
21 March 2011
It will be considered intercorporate investments attracting Section 372A of the Companies Act, 1956.
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