money borrow

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CS Abhilasha Pandey (Querist)
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23 June 2010 pls suggest how any other pvt ltd company can give some amount of money to another private limited company which is 100% subsidiary of public co. Pls suggest options available.

Ankur Garg

Ankur Garg (Expert)
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23 June 2010 This is the case of inter-corporate loan or investment and the same is governed by section 372A.

However this section is not applicable to a private company and a company which is 100% subsidiary of public company.

You are requested to refer section 372A very carefully with the help of a text book.

Thanks

CS Abhilasha Pandey

CS Abhilasha Pandey (Querist)
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24 June 2010 Thank You.

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