Dear all,
Can a Private Limited company give loan to other sister companies?
Is there any restriction of Sectin 372A of the Companies Act, 1956?
Regards,
CS Pooja
nidhigoel89
(Company Secretary )
(594 Points)
Replied 16 April 2011
Hello!
Sec 372 is not applicable to pvt. co.........
Regards
Nidhi
nidhigoel89
(Company Secretary )
(594 Points)
Replied 16 April 2011
SRY ITS 372A..........NT APPLICABLE TO PVT. CO
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