Hello friends,
Wheather any limit prescribed for a pvt. ltd. company for giving loan to its 100% subsidiary pvt. ltd. company...
plz give me refrence of sec no. of company law
vinit jain (article) (29 Points)
21 November 2012Hello friends,
Wheather any limit prescribed for a pvt. ltd. company for giving loan to its 100% subsidiary pvt. ltd. company...
plz give me refrence of sec no. of company law
ANTONY EDGAR
(CA in Practice)
(89 Points)
Replied 28 November 2012
Sec 372A deals with the limits of providing loans to other companies. However, under seb sec(8) of sec 372A provides that sec 372A is not applicable to a PVT Ltd company unless its a subsidary of a piblic limited company. Hence there are no restirction on providing loan by PVT LTD company to its subsidary
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