Companies Act, 1990
Transactions with holding company. |
35.— Section 31 shall not prohibit a company from— | |
(a) making a loan or quasi-loan to its holding company or entering into a guarantee or providing any security in connection with a loan or quasi-loan made by any person to its holding company; | ||
(b) entering into a credit transaction as creditor for its holding company or entering into a guarantee or providing any security in connection with any credit transaction made by any other person for its holding company. |