- Wednesday, October 12, 2011, 14:21
- Company Law
- 159 views
A company cannot, directly/indirectly, a. Make loan to any other body corporate b. Give guarantee/provide security in connection with any loan by any other person c. Acquire securities in any manner of any other body corporate exceeding 60% of its paid-up capital and free reserves or 100% of its free reserves whichever is more.
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- Thursday, February 4, 2010, 16:42
- Company Law
- 403 views
Section 372A of the Companies Act, 1956 (The Act) deals with inter-corporate Loan, Investment, Guarantee and Securities in connection with loan. All the four transactions are frequently taken place in any company and henceforth the section becomes more important and therefore it requires to special heed by virtue of strict penal provisions and because of no much space to play.
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- Monday, December 1, 2008, 6:36
- Company Law
- 363 views
he application should be addressed to The Secretary, Department Of Company Affairs, of the Jurisdiction in which you are falling. Application should be submitted along with the prescribed fee by demand draft drawn in favour of Pay & Accounts Officer, Department of Company Affairs, of the Jurisdiction in which you are falling in the manner provided by GSR No.501 (E) dated 6.7.1999.
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