MCA Clarification: Circular on Loan to Public Ltd Co-Sec 295

Thanks for The Information....

Santosh Shah-Nothing new in this circular. Can you pl clarify yr understanding ?

Originally posted by : Santosh
	Santosh Shah-Nothing new in this circular. Can you pl clarify yr understanding ?

 Dear Santosh.

If you think there is nothing new, then please ignore.

I have enclosed this clarification just as an update to the members.

When there is ambiguity in Sections, only then MCA issues such clarifications,

which narrows down the ambiguity to that extent.

The reason for such clarification is alredy mentioned in the circular.

regards

Santosh Shah