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.

[DR.MARIAPPAN GOVINDARAJAN]

It is to be elaborately discussed. Kindly contact in person.

AI Summary

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.