Loan from other company

CA Bijay Shrestha (Never Give up....No matter what....)   (858 Points)

09 May 2013  

In case a Private Company has taken any Unsecured loan from another Company, then the Lending company has to comply with the requirement of Section 372A of the Companies Act 1956. But What are the requirements that the Borrowing Private Company has to fulfill as per the Companies Act 1956 (Mandatory or Voluntary)?

 

Please suggest.