Current location - Loan Platform Complete Network - Loan consultation - Father and children have companies at the same time, so it seems illegal for a father to give money to his son. What laws and regulations are there?
Father and children have companies at the same time, so it seems illegal for a father to give money to his son. What laws and regulations are there?
It is illegal for enterprises to lend money to each other, including affiliated enterprises with independent legal personality.

According to Article 6 1 of the General Rules for Loans of the People's Bank of China, "an enterprise shall not handle the loan or financing business in disguised form in violation of state regulations." Because the financial industry is a regulated industry in China, enterprises cannot operate independently; If enterprises lend to each other, it will endanger the order of financial management and the safety of funds.

Controlling shareholders and other related parties shall strictly limit the occupation of funds of listed companies in their business capital transactions with listed companies. The controlling shareholder and other related parties shall not require the listed company to pay wages, welfare, insurance, advertising and other expenses for them, nor shall they bear the costs and other expenses for each other.

Mainly depends on the nature of the company and the location of the father and son.