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Gold Ltd. Is a listed company with paid up capital of Rs 125 crores and free reserves of Rs 250 crores. Silver Pvt Ltd. Has

Gold Ltd. Is a listed company with paid up capital of Rs 125 crores and free reserves of Rs 250 crores. Silver Pvt Ltd. Has approached Gold Ltd. For a loan of Rs 300 crores to set up a manufacturing plant. Comment whether Gold Ltd. Can give aforesaid loan to Silver Pvt Ltd. keeping in view that Raman is a director in both the companies.

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