Overview of intercorporate loans

Taxblock , Last updated: 26 November 2021
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SECTION 186 Section 186 of the Companies Act, 2013 deals with the loans and investments by the companies: No company shall invest more than two layers in investment company. For Eg. X Ltd is holding 51% in Y Ltd and Y Ltd is holding in Z Ltd then X ltd cannot hold in another company through

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Category Corporate Law Report