Hi
Can a subsidiary Company advance loan to its Holding Company where there are common directors. Is it violation of section 185 of Companies Act,2013??
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Section 185 violation?
Replies (4)
yes it is violation of section as this is covered in "a co in which director is interested"
No it's not violation if it's in ordinary course of business
if holding company give loan/guarantee/security to its wholly owned subsidiary company then sec 185; is not applicable
so in this it was violation of sec 185 of the companies act 2013
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