section 295
This query is : Resolved
reena boricha
(Querist)
04 June 2009
i do audit of limited compnay which has subsidairy co. but in f.y.2008-2009 now it is not subsidairy co. i give loan to it now requried to take apermission of central gov. for giving loan
Ankur Garg
(Expert)
09 June 2009
Hello Reena,
Not able to understand your problem correctly. Can you please elaborate with some example by using A ltd. or B ltd etc.
Regards
Not able to understand your problem correctly. Can you please elaborate with some example by using A ltd. or B ltd etc.
Regards
CS Vivek Hegde
(Expert)
11 June 2009
if the loan is given when it is a subsidiary u need not take the CG approval...
If u r giving loan nw afresh u hav to take if such loan is covered by section 295(1)(d) or (e)
rgds
Vivek
If u r giving loan nw afresh u hav to take if such loan is covered by section 295(1)(d) or (e)
rgds
Vivek
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