Loans and Advances by Public Company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2011
Can a Public Limited Company give loans or advance to another Public Limited company which is an Investment Company within the limit prescribed u/s 372A of companies Act? If not, what are the provisions? Please suggest
26 March 2011
Yes, it can, however subject to the provisions contained in Section 372A.
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