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.
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
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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