Are the provisions of Sec 372A applicable to Govt. Cos.? Earlier , with approval of State Govt. a state PSU could give loans to other entities .
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Making Loans, Sec 372A re Govt. Cos.
Replies (2)
Hi
Section 372A(8) provides exception to which this section does not apply. Liky anyother company provision of this section equally apply to Govt. Companies.
Abosultely agreeing with the learned member
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