Dear Sir,
What if a holding company gives loan to its subsdiary company, both being pvt companies? What are the compliances regarding the same?
Please revert.
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Inter corporate loan
Replies (2)
Mam
section 372A does not applied on private comanies....so no complianes required....
it will applied if a public company give loan to its subisidiary co. which is a private co.
1] H -> S = Comply Sec. 179,185,186 and related Rules
H -> WOS = Comply Sec. 179.
2] You may want to wait for the clarification on latest draft notification expressing to restore some exemptions to Private Ltd Co.
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