XYZ Limited given loan to ABC Limited of Rs. 50000 at interest rate 21 % .These companies are not related to each other.During the statutory audit of XYZ limited auditors raised the query. What are the provisions of law applicable ?
XYZ Limited given loan to ABC Limited of Rs. 50000 at interest rate 21 % .These companies are not related to each other.During the statutory audit of XYZ limited auditors raised the query. What are the provisions of law applicable ?