Nbfc

This query is : Resolved

Guest

Guest (Querist)

22 February 2014 what is the limit when a company invest or gives loan in or to other company and is not considered as nbfc.
kindly solve my query as early as possible.

SHAKTI JINDAL

SHAKTI JINDAL (Expert)
Follow

22 February 2014 The limit shall be calculated in accordance with section 372A of the Companies Act, 1956 and is 60% of the paid-up capital and free reserves, or 100% of its free reserves, whichever is more, calculated for loans/investments/securities/guarantees taken together. Please refer to section 372A for details on calculation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anurag Sharma

Shraddha Pangam

J.Vijai

sachingurav

Tanishka Khandelwal

Subscribe Now

Nbfc

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

GST CONSULTANT