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Ca final
sec 186
while solving problems of sec186 i.e. overall limit of loans, invest.,etc whether loan invest. made by holding co. in wholly owned subsdiary co. shall be included while determining loans, investments etc already made .????
Replies (1)
Pritesh,
I opine that loans and guarantee given, security provided and acquisation made by holding company to wholly owned subsidiary must be taken into consideration while calculating limits for purpose of section 186 (3) of CA, 2013. what is expempted is taking prior approval by means of a special resolution where a loan or guarantee is given or where a security provided by a company to its wholly owned subsidiary company..
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