The matter at hand involves the permissibility of a company extending an interest-free loan to its Wholly Owned Subsidiary Company, as governed by the provisions of Section 186 of the Companies Act, 2013. The key considerations and relevant provisions are summarized below.
Discover if LLPs can engage in financing activities. Learn about RBI approval requirements for non-banking financial operations and key definitions.
Discover the key updates to Secretarial Standards SS-1 (Board Meetings) and SS-2 (General Meetings) effective from April 1, 2024. Learn about new rules for companies.
Learn 12 essential rules for writing effective letters. Master clear, concise, and compelling communication for any purpose. Read now!
Learn the process to become an Insolvency Professional (IP) in India under the IBC 2016. Discover eligibility, exams, and registration steps.
Confused by NRO and NRE accounts? Understand how to manage Indian income, family expenses, and investments effectively as an NRI.
Discover the latest updates to Secretarial Standards on General Meetings (SS-2). Learn about exemptions, auditor ratification, meeting locations, and voting rights.
Navigate FY 2024-25 tax changes! Learn about Udyam registration, TDS/TCS, e-invoicing, and more to avoid costly financial errors.
Under GST regime for quick and easy Movement of goods across India without any hindrance, all the check posts across the country are abolished. However to track the movement of goods &controlling any Tax evasion E-way Bill system has been introduced.
Stay on top of your tax obligations! This tracker covers Income Tax and GST deadlines for March 2024, ensuring you meet all compliance requirements.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English