Abc Private Limited is a wholly owned subsidiary of XYZ LImited.
ABC Private Company wants to avail loan from XYZ Limited.
Which sections are applicable in this regard.
Kindly corect
whether will it be an Inter corporate loans (Sec 372A), I think it wont fall as the loan from holding comany to its subsidiary s exempted by virtue of section 372(A)(8).
Whether it will fall under section 370 as it says that Loans to companies under same maangement, what does same management means here??
Kindly guide me
CAclubindia
