Sandip Rahane

No company shall directly or indirectly — (a) give any loan to any person or other body corporate; (b) give any guarantee or provide security in connection with a loan to any other body corporate or person; and (c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, exceeding sixty percent. of its paid-up share capital, free reserves and securities premium account or one hundred per cent. of its free reserves and securities premium account, whichever is more.

    Nidhi Goel

thanks

    Anil

    Anil

Yes it can be done Please go through section 186. In absence of any extant exemption to private companies, such possibility sustains.

    Anil

Yes it can be done Please go through section 186. In absence of any extant exemption to private companies, such possibility sustains.