Loans from sister concerns

This query is : Resolved

pavitra s vyas (Querist)
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03 May 2014 as loans from sister concerns are not allowed as per co. act, 2013. if they already exist n co. is not in a position to pay what is the solution.

Guest

Guest (Expert)

03 May 2014 you will b violating companies act....

because as per strict rule u had to clear the loans on 31st march

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