Menu
Acceptance of loan by subsidiaries
A holding company can give loan to subsidiary (not wholly owned) upto any amount by passing a special resolution in GM us 186(3) of the Companies Act. What about the limit of acceptance by such subsidiary?
Replies (1)
if the wos is private company it can be upto any amount but not a private company then read 180 and loan has to be given at rate of interest
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
