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 :)
CS Mitesh Mehta
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
