Section 295

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Company Secretary
27 Points Posted on 03 July 2012

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

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On 03 July 2012 at 11:25 Report
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Company Secretary
107 Points Posted on 03 July 2012
The above transaction will attract Section 295 under sub-clause c
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On 03 July 2012 at 11:38
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Company Secretary
107 Points Posted on 03 July 2012

The above transaction will attract section 295 under sub clause "c"

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On 03 July 2012 at 11:39

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