Inter corporate loan

Megha Singh (Management Trainee) (48 Points)

25 June 2014

Dear Sir,

What if a holding company gives loan to its subsdiary company, both being pvt companies? What are the compliances regarding the same?

Please revert.

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CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 25 June 2014

Mam

section 372A does not applied on private comanies....so no complianes required....

it will applied if a public company give loan to its subisidiary co. which is a private co.

RoHaN k (CA & CS) (308 Points)
Replied 26 June 2014

1] H -> S = Comply Sec. 179,185,186 and related Rules

H -> WOS = Comply Sec. 179.

2] You may want to wait for the clarification on latest draft notification expressing to restore some exemptions to Private Ltd Co.

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