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Loan from Subsidiary Com.

Others 5931 views 5 replies

Manoj Gupta

Service

58 Points Posted on 17 January 2008

Please advice which section deals with loan from subsidiary to Holding co. Whether it is possible, if yes then how.

Replies (5)

CA. Karthik

Service

29 Points Posted on 19 January 2008

Section 372A - Inter-corporate loans

shilpa

company secretary in practice

148 Points Posted on 20 January 2008

yes it is possible ! referred section 372A of the Companies Act 1956

Manoj Gupta

Service

58 Points Posted on 12 July 2008

Originally posted by :shilpa
"	yes it is possible ! referred section 372A of the Companies Act 1956	"

Can subsidiary give loan to its holding is it exempt u/s 372A.

CS Gaurav Jain

Consultant

63 Points Posted on 15 July 2008

Dear Manoj

Please advice us on following :

Status of Holding and subsidiary: whether public or private

Business :

paid up capital and free reserves as on last March 31, 2008

this would help us all to understand the case and share our views.

regards

CS Gaurav Jain

Manoj Gupta

Service

58 Points Posted on 17 July 2008

Originally posted by :CS Gaurav Jain

Dear Manoj

Please advice us on following :

Status of Holding and subsidiary: whether public or private

Business :

paid up capital and free reserves as on last March 31, 2008

this would help us all to understand the case and share our views.

regards

CS Gaurav Jain

Dear Gaurav,

Pls note down the details

Holding co is Public Ltd. but sub is pvt. (since it is sub of public it will become a deemed public ltd.) Paid up capital HOling 2 crores sub - 10 lacs.

free reserves holding 2.5 crores sub Nil.