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
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Holding subsidiary company
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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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