Loan to company
This query is : Resolved
20 April 2015
Can XZY Co. lend loan to ABC Co. if there is a common share holder Mr.R holding less than 25% of voting rights in both the Co. And if he holds more than 25%.What is the provision relating to this as per new companies act 2013....??
20 April 2015
In both the cases (less than 25% and more than 25%), XYZ Co can lend loan to ABC Co. because Mr. R is only member in both the companies and not a Director.
If he is a Director in XYZ Co., then loan can not not be given.
Thanks
If he is a Director in XYZ Co., then loan can not not be given.
Thanks
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