Loan by company, Corporate Laws / SEBI / LLP

[LILADHAR AGRAWAL]

Hello Sir,

1. I have query regarding loan by company. What are the companies act restriction in providing loan to any company, directors or shareholders.

2. I have read loan given by wholly owned subsidiary co to holding co is exempt. In such case what is WOS co. Let us take an example A and B. A have 99% shares of B ltd. So B is wholly owned subsy of A or it have to acquire 100% shares.

Thanks