Loan to a Holding Company
This query is : Resolved
19 April 2011
Can a wholly owned subsidiary give an unsecured/ secured loan to its Holding Company??? To the best of my knowledge, there is no such restriction under the Companies Act, 1956........Experts ur views please?
21 April 2011
Yes, there is no restriction in companies act. You should have a proper loan agreement in place.
Please take care of interest rate etc. ( from trasnfer pricing perspective)
Please take care of interest rate etc. ( from trasnfer pricing perspective)
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