Subhasish Goenka (-----) (78 Points)
27 September 2013Dear Friends,
Can a Pvt.Ltd. Co. give Loan to a related Pvt. Ltd.Co. The Director of X Pvt. Ltd. is the brother of Y Pvt. Ltd. Co.
If yes, can at subsidised interest rates??
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 27 September 2013
Hi,
Pls refer to Section 185 of the new Companies Act, 2013 which has come into effect w.e.f 12/09/2013.
if your case falls in any of the clauses mentioned in the explanation, you can not do so without passing a special resolution in the GM..
Hopefully your query is solved...
Regards
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