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Sec 2(22)(e)

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2012 Can a private limited company (A) lend money to another private limited company (B). The Directors of Company (A) is also a director in Company (B).
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
06 July 2012 Yes, it can lend money to another company but on the condition that the director should not be beneficially shareholder of the company holding shares in excess of 10%and also, the substantila shareholderin the other pvt company.
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