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Loans from other company
Whether a company can give loan to another company or thr r any restrictions or not allowed..??
Replies (2)
yes a company can give loan to another😊
yes a company can give loan to another company u/s 186 of the companies act 2013 however before doing so it needs board approval with unanimous resolution+ approval of members of company by passing special resolution(if loan is in excess of limit specified) + there must me no defaults in payment of deposits by the company making such loan
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