CS
2942 Points
Joined April 2016
As per the provisions of the Section 186 of the Companies Act 2013, read with Rule 11 of Companies (Meeting of its Board and Power) Rules 2014, a Company can give loan to any Body corporate. So Company B can give loan to Company C.
As per Rule 11 of Companies (Meeting of its Board and Power) Rules, a holding company can give the loan to its wholly owned subsidiary company just by passing Board resolution even if it exceeds the limit as specified in section 186. no need to pass special resolution. So B can also give Loan to A.