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Loan from Subsidiary Com.
| 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.
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
| Originally posted by :CS Gaurav Jain | ||
| " |
Dear Manoj 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. |
" |
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