Sections which will be attracted by inter corporate loans &

Others 707 views 2 replies

Management Trainee

86 Points Joined April 2012

Dear Sirs/Madams,

If a company gives an inter corporate loans & transfers then the following Act/sections are attracted namely :-

a) Section 372A of companies Act, 1956

b) Section 295 of Companies Act, 1956

c) Section 2(22)(e) of Income Tax Act.

Please do specify any other other section of Companies Act or Income tax Act or any other Act which also needs compliance & I am missing out on it.

Regards,

Sagnik Sanyal

Replies (2)

Guest

Dear Sagnik,

In case of Inter-corporate Investments, SEBI (SAST) Regulations, 2011 would also be applicable.

Regards,

Veeral Gandhi

Management Trainee

86 Points Joined April 2012

Thank you Mr. Gandhi, but the company we are concerned about is not a listed company.

Regards,

Sagnik Sanyal

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