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Sec 186
Inter corpoarte Deposit (ICD ) is covered as inverstment , meaning of sec 186
Replies (5)
It will be covered under section 186 but not as Investment but as Loan.
thank you for reply , please confirm that if a company is investing as ICD to a company , i.e. loan given to a company , is it right ?
Yes, it will be shown under Short / Long term Loans in assets side.
Thanks, so ICD investment covered under sec 186 and icd investment should under limit which is precribed u/s 186 , is it right ?
Exactly.....
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