EASYOFFICE
EASYOFFICE

Inter Copany Loans

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 April 2010 Can a Company X utilize loan taken by bank fro giving loan or advance to another related or group Co. Company Y.

Whats the Procedure involved in it.
As a Auditor what points in it need to be checked.

Kindly Review the Sections affected.
Profile Image

CA Robin Betala

Profile Image

CA Robin Betala (Expert)
09 April 2010 When there is loan from public finanacial institution in a company and company is giving any inter corporate loan , the company is required to get prior approval of Public financial institute . Sec 372A
Auditor must check whether prior approval of PFI is taken or not
Profile Image

CA Ashok Kumar Sahu

Profile Image

CA Ashok Kumar Sahu (Expert)
09 April 2010 AGREED
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
09 April 2010 agree

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links