Suppose a company has advanced funds to its wholly owned subsidiary and subsequently disposed off its share holding, what is the regulations to be compled under Sec 372A of companies act!! any time limit?
Menu
Section 372 a
Replies (3)
Hello,
Prime Facie of facts i would suggest that in ur case it would not apply as at the time of making loan ur company holding status of Holding subsidiary company.
So i dont think sec 372 A will apply irrespective of the fact that in future it looses its status of holding subsidiary companies.
But in future company will make some loan or investment then u need to comply with sec 372A.
Contrary views are welcomed.
Nidhi
Section 372a of companies act is not applicable to a transactions btwn holding and subsidiary company.........others view solicited
Section 372a of companies act is not applicable to a transactions btwn holding and subsidiary company.........others view solicited
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
