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A Private Limited Company Subsidiary of a Foreign Corporate Body, has purchased goods valued Rs.100 lacs and is unable to pay the amounts Due. Now it wants to treat the same as Working Capital Loan with mutually agreed terms of repayment. Is this arrangement permitted under CA,2013?

Fund raising

Posted By: V. maslekar 9 year(s) ago

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


Expert    Ankit Singhi

Permitted if it is made in accordance with the provision of section 180(1) (c) of the Act and please check FEMA regulations as well for the same.

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