Section 295
This query is : Resolved
09 October 2013
A subsidiary company has granted loan to its Holding company. Both the company are limited company.
please tell me whether section 295 is applicable or if yes , is there any exemption up to which no approval of CG required.
please tell me whether section 295 is applicable or if yes , is there any exemption up to which no approval of CG required.
09 October 2013
No, in this case sec 295 will be not be applicable.
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