Section 372A
This query is : Resolved
22 March 2010
can anyone please provide the resolution along with format of explanatory statement under section 372A fo the purpose of investments in any other body corporate
Ankur Garg
(Expert)
22 March 2010
Let me know your ID. I have the same in PDF format.
22 March 2010
sir i want one more clarification.
Actually i am confused with section 295 and section 372A.
Section 372A deals with loan to body corporate an section 295 deals with loan to director etc.
There may be some cases which can attract both the sections. so i just want clarification o this point as in practical how this is to be applied
Actually i am confused with section 295 and section 372A.
Section 372A deals with loan to body corporate an section 295 deals with loan to director etc.
There may be some cases which can attract both the sections. so i just want clarification o this point as in practical how this is to be applied
Ankur Garg
(Expert)
22 March 2010
Plz check your ID. I have sent you some 372A resolutions with exp statement. Change them accordingly.
Ankur Garg
(Expert)
22 March 2010
Do not get confused between section 295 and 372A. Section 372A is applicable between 2 companies i.e. inter corporate loan etc.
24 March 2010
sir i didnt got your mail can you send me the format once again
Ankur Garg
(Expert)
24 March 2010
check your mail again.
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