Sir
Mr A is the Director of XYZ Pvt Ltc and ABC Pvt ltd.
Can XYZ Pvt Ltd give loan to ABC Pvt Ltd
Please reply
Its urgent
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Inter corporate loan between private limited companies
Replies (1)
XYZ Pvt. Ltd. cannot give loan to the ABC Limited under section 185 as it will be considered as loan to directors whereas ABC Pvt Ltd has no problem to accept inter corporate deposits.
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