TMI BlogLoan by Pvt Limited to FirmX X X X Extracts X X X X X X X X Extracts X X X X ..... Loan by Pvt Limited to Firm X X X X Extracts X X X X X X X X Extracts X X X X ..... tion-Company Law 1-Can a Private Limited company give short term LOAN on Interest to a relative firm having common Directors and Partners or vice versa. Can a firm hold/purchase the shares of a priva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te ltd in the above case. 2---Further the relative firm as above is holding few shares less then 2% of the above private limited company. Will it make any difference as loan given or received as to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... share holder firm or company.
Reply By DR.MARIAPPAN GOVINDARAJAN:
The Reply:
In my view NO. X X X X Extracts X X X X X X X X Extracts X X X X
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