Menu
loan by Pvt. Co.?
Can a pvt. co. give loan to another pvt. co. having one common director?
Replies (3)
Yes, a private company can take loan from another private company and this transaction is excluded from the purview of Deposits. However, as per Section 185, a private company cannot given loan to a Private company in which its Director is interested.
then what is sub section 2 of 185 all about?
Section 185(2) Company can give loan to persons in whom directors are interested after passing of Special Resolution however, still there is restriction on loan/ guarantee to directors or relative of Directors.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
