Sec.372a
This query is : Open
03 February 2012
Hi friends. I have a doubt in sec.372A Intercompany loans. I dont understand the para given in the section.
The section says ceiling limit of Higher of either:
60% of paidup share capital and free reserves
100% free reserves.
Whether this celing limit applicable only to :
a)Investments in other body corporate.
b)Guarantee , security and Investments in other body corporate.
c)Intercompany loans,Guarantee , security and Investments in other body corporate.
plz get my doubt clarified.
The section says ceiling limit of Higher of either:
60% of paidup share capital and free reserves
100% free reserves.
Whether this celing limit applicable only to :
a)Investments in other body corporate.
b)Guarantee , security and Investments in other body corporate.
c)Intercompany loans,Guarantee , security and Investments in other body corporate.
plz get my doubt clarified.
04 February 2012
This ceiling is applicable to (c) as referred above.......
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