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Shreya Shah (Company Secretary)     19 April 2010

loan from subsidiary by holding company

Dear All,
 
Ours is a listed company having its registered office in Mumbai. This listed company has a wholly-owned subsidiary located in the State of Delaware, USA. Now this WOS located in USA wants to give loan to its holding company in Mumbai. Pls help me with the procedure relating to the same. Will this loan be treated as an External Commercial Borrowing (ECB). What are the other compliances pertaining to the same.
 
Thanks & Regards,
Shreya Shah


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