Menu
Section 185
Can pvt ltd co give loan to public co if they hav common director
Replies (3)
No as there is a common director firm can't provide loan.
S.. By passing special resolution can give any loan
By Passing S/R
as well as there are some condition that must be satisfied by the Pvt. Co. :-
1) No body corporate shall shareholder of such co.
2) Borrowing of Pvt. co. from:-
a) Bank
b) Financial institutions
c) any other body corporate
that does not exeed-Twice of Paidup capital, or
50 crore, (which ever is less)
3) No default in repayement of loan
4) No default in Annual return/Annual Account.
as well as there are some condition that must be satisfied by the Pvt. Co. :-
1) No body corporate shall shareholder of such co.
2) Borrowing of Pvt. co. from:-
a) Bank
b) Financial institutions
c) any other body corporate
that does not exeed-Twice of Paidup capital, or
50 crore, (which ever is less)
3) No default in repayement of loan
4) No default in Annual return/Annual Account.
Recent Threads
- Turnover limit for composition dealer in gst
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
Related Threads
CAclubindia
