MonikaMonika asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

first of all indebtedness limit is 5,00,000 and not 1,00,000
i think you wanted to ask about securities where limit is 1,00,000
both indebtedness and securities limit is for person / partner / relatives all taken together for all company / holding / subsidiary / associate / co-subsidiary
yes there is controversy when it comes to securities holding for that company or all all company
literal interpretation relatives can hold shares only of that company
reasonable interpretation it should be allowed to all companies
write both in exams 

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