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Loans and Advances by Public Company

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Querist : Anonymous

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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
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
26 March 2011 Yes, it can, however subject to the provisions contained in Section 372A.

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