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Section 293 (1)(d)

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(Querist)
18 February 2013 Kindly advice me, if a subsidiary company take loan from its holding company then special resolution required in this respect?

Section 293 is silent about holding subsidiary relationship?

Kindly advice.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
18 February 2013 In case of any company is Public Company, subsidiary company needs to pass Ordinary Resolution under section 293(1)(d) for borrowing powers and file form 23.

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