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Sec 208 of companies act 1956

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The payment of interest shall be made only for such period as may be determined by the Central Government ; and that period shall in no case extend beyond the close of the half-year next after the half-year during which the work or building has been actually completed or the plant provided. Can someone explain by example
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Suppose the plant has been actually completed in June 16 i.e. during the half year Apr-Sep 16. Then the interest will be payable from the date of commencement of the plant upto March 17 (i.e. close of the half year after Apr-Sep) or such lower period determined by the government.

 


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