Section-58a of companies act 1956
This query is : Resolved
04 January 2012
xyz ltd has given loan to abc ltd. the directors of both the company are same. and the moa of xyz ltd contains a clause of deposits as per sec-58A.in such a situation pls advice:
whether it cover under sec-372A or sec-58A?
what to do if moa contains such clause...as the company was earlier a investment company but now it is not...is the moa should be altered??
there is also a sale and purchase transactions between the company...whether it cover in any section
whether it cover under sec-372A or sec-58A?
what to do if moa contains such clause...as the company was earlier a investment company but now it is not...is the moa should be altered??
there is also a sale and purchase transactions between the company...whether it cover in any section
Vishal D Shah
(Expert)
05 January 2012
372A shall be applicable.
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