References: Gazette 23-Mar-1994, Times 19-Oct-1993, Ind Summary 11-Oct-1993
Ratio: A foreign subsidiary can give financial assistance for purchase of a company’s shares. Assistance to buy shares in the parent company by a subsidiary is not ipso facto assistance from parent company.
Statutes: Companies Act 1985 151
Last Update: 22-Aug-16
Ref: 77845