Loan to pvt company by ltd company

CS Pooja (Company Secretary) (305 Points)

17 June 2011  

Case I: Ltd co wishes to provide loan to a pvt co. both co's are having common directors. Is sec 295 will be applicable for loan giving ltd co? Case:II Suppose if ltd co is sharholder of that pvt co then pvt co can take unsecured loan from ltd co as a share hoder. But what will be applicablity of section 295 for ltd co. Regards, Pooja