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Dear Collegues,
INTERCOMPANY LOANS BETWEEN PVT COMPANIES WHICH ARE HAVING HOLDING AND SUBSIDIARY RELATION
Dear Sainarayanan,
In your case section 372A of the Companies Act 1956 does not apply. Although the transaction falls under related party transactions. See the status of interested directors get it recorded in the books and get a resolution passed in the general meeting.
Thanks & Regards
Amit Mishra
BSamrish & Co.
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
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Synergy Keystone
Mumbai
CA
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CCI
Pro
CAclubindia
