Clarification temporary loan as per proviso of sec180(1)(c)

Dear All,

Kindly clarify:

Pursuant to Proviso of sub- sec. (1) (c) of Sec. 180, temporary loan received from the Company's Banker are exempted from the purview of Borrowing.

Thus the loan availed/borrowing made by a Company from other Company for less than 6 months/ loan repayable on demand will be considered as temporary Loan and exempted from the provision of the Sec. 180(1)(c)????? 

Regards

Dipika