TMI BlogLoan by companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Loan by company X X X X Extracts X X X X X X X X Extracts X X X X ..... ompanies 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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.
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