https://www.taxtmi.com/acts?id=12729 Inter-corporate lending and investments are constrained by statutory exposure limits; exceeding those limits requires prior special resolution. Board sanction with unanimous directors present and, where applicable, prior approval of a public financial institution is required; loans must bear interest no lower than the prevailing bank rate. Companies in specified regulatory default are prohibited from inter-corporate advances until the default subsists. A mandatory register of every investment, loan, guarantee or security must be maintained at the registered office, open to member inspection, and central guidelines and specified exemptions apply. en-us Sat, 14 May 2011 12:34:37 +0530 Sat, 14 May 2011 12:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12729 Inter-corporate lending and investments are constrained by statutory exposure limits; exceeding those limits requires prior special resolution. Board sanction with unanimous directors present and, where applicable, prior approval of a public financial institution is required; loans must bear interest no lower than the prevailing bank rate. Companies in specified regulatory default are prohibited from inter-corporate advances until the default subsists. A mandatory register of every investment, loan, guarantee or security must be maintained at the registered office, open to member inspection, and central guidelines and specified exemptions apply. Act-Rules Companies Law Sat, 14 May 2011 12:34:37 +0530 https://www.taxtmi.com/acts?id=12729