Mr. A and Mr. B are directors of A pvt ltd and B pvt ltd.
Can A pvt ltd provide loan/Guarantee/ Security to B pvt ltd???
please explain...
As such there is no restrictions for grating loan, made investment and providing guarantee to other corporate, individual etc. However, this shall be fall under ambit of
A. Inter corporate loan section 186 and
B. it is also under related party transaction section 188
So accordingly comply both the section at the same time...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
