Inter corporate loans
This query is : Resolved
24 January 2012
What are the conditions to be satisfied for a lending and receiving company (both being public unlisted companies) for inter corporate loans ? Is it solely covered by Sec 372A of Companies Act?
CS Ankur Srivastava
(Expert)
24 January 2012
Section 372A
Section 293(1)(d) borrowing powers
SEction 58A read with Acceptance of Deposit Rules, 1975
Section 293(1)(d) borrowing powers
SEction 58A read with Acceptance of Deposit Rules, 1975
25 January 2012
Sir, but what i heard is that The Acceptance of Deposit Rules and Sec 58A is applicable only to deposits made from public and the same will not be applicable on corporate loans. Can you just clarify me on this point.
Guest
Guest
(Expert)
07 February 2012
372A is applicable....
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