Inter corporate loan by nbfc

1. Yes, i find this sub loaning by the said N.F.B.C. of the loan taken from a pvt ltd company No. 1 to one of the subsidiaries company No. 2 of such pvt.Ltd company as illegal act and such act is certainly a breach of the provisions contained in the Company Act 2013. 2. The relevant fact that such N.B.F.C. has taken a guarantee from company No.1 that they would not object to such act of the said N.B.F.C. of re-loaning such loan taken by the said N.B.F.C.as a loan to company No. 2 by such N.B.F.C. can be seen as an attempt to create fraudulent accounting procedures for wrongful gains especially if one of the director of company No. 1 is associated with the establishment of company No.2. . 3. This matter needs to be checked with a professional Company Secretary personnel. 4. I must know as how are you coming into such picture. 5. If need be opt for post paid phone consultation with this lawyer by confirmation through e-mail.