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Section 73 and sec 185 of companies act, 2013

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(Querist)
05 June 2015 when a wholly owned subsidiary takes loan from its holding company exemption is available u/s 185 (w.e.f amendment rules). However sec 73: Acceptance of deposits will also be attracted for subsidiary company or not?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 June 2015 No, because any amount received by a company from any other company is not a deposit.
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