nbfc loan to sister concern

[satbir singhwahi]

Sir

NBFC-B category wants to finance the sister concern having common directors,at market rate of interest.What are the restrictions and disclosures as per company law, rbi regulations and income tax. Pls guide.

AI Summary

NBFC-B Loan to Sister Concern: Legal Restrictions and Disclosure Under Company Law, RBI Regulations, and Income Tax. An individual inquired about the legal restrictions and disclosure requirements under company law, RBI regulations, and income tax for an NBFC-B category company intending to provide a loan to a sister concern with common directors at market interest rates. A respondent advised that the matter requires detailed discussion and suggested an in-person consultation for comprehensive guidance.