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Under 185 (1) explanation (c), does the words "private company" also include a private company which is a subsidiary of public limited company. Pls clarify at the earliest.

Section 185- Loan to directors, etc.

Posted By: Sandhya 9 year(s) ago

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Akansha

No private company shall not includes private company which is a subsidiary company of public company and for detail kindly refer section 2(71) of the Act

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