Can a Pvt Company give Inter Corporate Deposit to another Public & Private Limited? is there any implication if the lending company is member of borrowing company? Can Lending company can give interest free Inter Corporate Loan/deposit? Kindly advise with the relevant section of Companies Act, 2013?
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Inter corporate loan/deposits
Replies (1)
1. Check whether comapnies fall under section 185 or not.
2. Interest free loan is not allowed as per section 186.
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