Dear All,
Please help me out with following:
If A Ltd gives loan to B Pvt Ltd whereby there is one director common in both the Company and A Ltd holds 50% shareholding of B Pvt Ltd, does this attract Section 295 of the Companies Act, 1956. Is Central Government approval required to be taken.
Regards
Deepak Agarwal
The above transaction will attract section 295 under sub clause "c"
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