Can holding company give interest free loan to its not wholly owned company.
What provisions of companies act 2013 is applicable Plz guide me.
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inter corporate loan
Replies (1)
No loan shall be given under this section at a rate of interest lower than the
prevailing yield of one year, three year, five year or ten year Government Security closest to
the tenor of the loan.
hence company cannot give interest free loan to its subsidiaries
prevailing yield of one year, three year, five year or ten year Government Security closest to
the tenor of the loan.
hence company cannot give interest free loan to its subsidiaries
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