Section 372 and 372(a)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2012
Please tell me the difference between section 372 and 372A Register under Companies Act 1956....
Its urgent ...
Also provide me the format of the same :)
Its urgent ...
Also provide me the format of the same :)
21 June 2012
Section 372 imposes some restrictions on purchase or acquisition of shares of any body corporate. Whereas Section 372A imposes some restrictions on giving loans by a company to bodies corporates. Section 372A applies to inter-corporate loans, guarantee and investments by a company.
By the Companies (Amendment)Act, 1999, Section 372 has been rendered inoperative.
By the Companies (Amendment)Act, 1999, Section 372 has been rendered inoperative.
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