Unsecured loan
This query is : Resolved
31 August 2011
IS One pvt.ltd company gives deposit/unsecured to another pvt.ltd compny?if yes which section
31 August 2011
A private limited company can lend money to another private limited company with out attracting the provisions of section 58A of the Companies Act,1956. Pl see rule 2(b) (iv) of Companies (Acceptance of Deposits) Rules, 1975.
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