money borrow
This query is : Resolved
CS Abhilasha Pandey
(Querist)
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
(Expert)
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
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
(Querist)
24 June 2010
Thank You.
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