loans from group company
This query is : Resolved
19 June 2009
whether there is any restriction in receiving loan from group companies under the companies act.
19 June 2009
Hello Nilesh,
In case of inter corporate loan u/s 372A you have to obtain unanimous Board approval and in certain cases prior shareholders approval.
For limits of inter corporate loand refer section 372A.
Disclosure of interest by directors u/s 299 is also very important.
I would suggest go through the following sections of companies act, 1956 deeply:
295, 372A, 297, 299, 300.
Regards
In case of inter corporate loan u/s 372A you have to obtain unanimous Board approval and in certain cases prior shareholders approval.
For limits of inter corporate loand refer section 372A.
Disclosure of interest by directors u/s 299 is also very important.
I would suggest go through the following sections of companies act, 1956 deeply:
295, 372A, 297, 299, 300.
Regards
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
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- CG Tax On residential property
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
