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    Query- Money Advanced To Associate Company

    Posted By : Sachin / Published on : 12-Feb-2021 08:01 AM / View : 363 / Comment : 0

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    Hello All,

    If a public limited company is paying the loan installments, electricity bill, TDS, ESI etc on behalf of its associate company, will the transaction be covered under Section 185?
    The public limited company has shown the amount advanced to its associate company under the head loans and advances in its Balance Sheet as an advance.

    Please clarify.
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