07 August 2013
Section 372A of the Companies Act, 1956 (The Act) deals with inter corporate Loan, Investment, Guarantee and Securities in connection with loan. All the four transactions are frequently taken place in any company and henceforth the section becomes more important and therefore it requires to special heed by virtue of strict penal provisions and because of no much space to play. Here the author has made an attempt to reduce & brief the provisions of section 372A in analytical way which is more handy to remember and apply rather than to describe it in legal language.
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