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is a holdiong company granting loans to its wholly owned subsidiary is required to pass a board resolution every time under Section 179(3) of Companies Act ,2013 while granting loan or it can pass a resolution containing the maximum limit of loan it will grant to its subsidiary ? .

Section 179- Powers of Board.

Posted By: Kanika gupta 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

. Yes it can pass a single resolution authorizing for a bigger amount

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