Manoj Gupta (Service) (58 Points)
17 January 2008
shilpa
(company secretary in practice)
(148 Points)
Replied 20 January 2008
Manoj Gupta
(Service)
(58 Points)
Replied 12 July 2008
| Originally posted by :shilpa | ||
| " | yes it is possible ! referred section 372A of the Companies Act 1956 | " |
Can subsidiary give loan to its holding is it exempt u/s 372A.
CS Gaurav Jain
(Consultant)
(63 Points)
Replied 15 July 2008
Dear Manoj
Please advice us on following :
Status of Holding and subsidiary: whether public or private
Business :
paid up capital and free reserves as on last March 31, 2008
this would help us all to understand the case and share our views.
regards
CS Gaurav Jain
Manoj Gupta
(Service)
(58 Points)
Replied 17 July 2008
| Originally posted by :CS Gaurav Jain | ||
| " |
Dear Manoj Dear Gaurav, Pls note down the details Holding co is Public Ltd. but sub is pvt. (since it is sub of public it will become a deemed public ltd.) Paid up capital HOling 2 crores sub - 10 lacs. free reserves holding 2.5 crores sub Nil. |
" |
CAclubindia
