Loan to fellow Subsidiary

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Neha Wadhawan

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Jul 2, 2015, 6:34:01 AM7/2/15

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Is it permissible under section 185 of the Act, for a company to give loan to its fellow subsidiary. The companies have common directors and are public company (private company being subsidiary of public company).

Kindly share your views.

Thanks & Regards,

Neha Seth

Company Secretary

Neha Seth & Associates

No. 4, DDA Market,

Sainik Vihar, Pitampura, Delhi 110034

Mob:9871903449

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