Shivish Verma (C A) (376 Points)
05 April 2016Sir
Mr A is the Director of XYZ Pvt Ltc and ABC Pvt ltd.
Can XYZ Pvt Ltd give loan to ABC Pvt Ltd
Please reply
Its urgent
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 07 April 2016
XYZ Pvt. Ltd. cannot give loan to the ABC Limited under section 185 as it will be considered as loan to directors whereas ABC Pvt Ltd has no problem to accept inter corporate deposits.
CAclubindia
