TaxTMI 
TaxTMI 
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.
nbfc loan to sister concern
21 Apr 2021 
1 Reply 
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Related-party lending: NBFC seeks guidance on restrictions and disclosure obligations under company law, RBI and income tax.
NBFC-B proposes financing a sister concern sharing common directors at market interest and seeks clarification on restrictions and disclosure obligations under company law, RBI regulations and income tax law; the lone reply recommends a detailed, in person discussion for further elaboration. (AI Summary)
NBFC-B proposes financing a sister concern sharing common directors at market interest and seeks clarification on restrictions and disclosure obligations under company law, RBI regulations and income tax law; the lone reply recommends a detailed, in person discussion for further elaboration. (AI Summary)
