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Loan by pvt ltd co

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(Querist)
11 October 2013 whether a pvt ltd company in wholesale trading business can give loan to another non related company, and also that non related company has pledged some shares in favor of company to secured this ICD.
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Ajay Mishra

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Ajay Mishra (Expert)
11 October 2013 Hi

No, it can not give loan to other company, because it is not its business.

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