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Loan to a private company

Sagar (AM)     26 August 2015

 1 likes  123 points

| My Other Post

Dear All,

Can Private company give loan to another pvt. company in which 2 directors are common. If the giving company is satisfying all 3 condition of 5th june circular and also is a member of company to which loan is being given.

The company which is receiving loan is not satisying 3 conditions. 

Please suggest.


CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709)     20 September 2015

PRACTICING CS Jalandhar 9914558709 
 197 likes  4633 points

View Profile | My Other Post

The section applicable on loan giving company i.e. lender company. so as per june 5 notifications, if the lender company fulfils the required conditions, then loan can be provided

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