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Loan to pvt co,

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(Querist)
15 June 2015 DEAR SIR/MADAM

THERE IS TWO PRIVATE CO. HAVING THREE COMMON DIRECTOR.FIRST PRIVATE CO. IS GIVEN LOAN TO SECOND PRIVATE CO. WHICH IS IN CONTRADICTION OF SEC-185.

SO I WANT TO KNOW WHETHER THERE IS WAYOUT OF SEC-185.
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Swati Sethi

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Swati Sethi (Expert)
17 June 2015 After June 05, 2015 Section 185 does not apply to Private Company if Private Company Complies with certain conditions

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