Section 372A

CS Pooja (Company Secretary) (305 Points)

23 April 2011  

ABC Limited, a closely held unlisted pub co wish to provide security by way of offering its land for the loan of A Private Company in which three Directors of ABC Ltd are Directors in Pvt co and to a partnership firm in which Director of ABC Limied is Partner.

Whether Section 372A will be applicable?

Regards,

Pooja