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Loan taken or given

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2011 Dear sir,

Here we want to know can listed public ltd. co. give loan to other listed public ltd. co.

sir please give reply immediately.

suraj
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 June 2011 Yes they can give. However a resolution for granting the loan should be passed and compliance with section 372A should be checked.

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