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of <h1>Companies Act Section 370A: Enforce Repayment or Revoke Prohibited Loans and Guarantees Within Six Months, Extendable by Special Resolution.</h1> Section 370A of the Companies Act, 1956, addresses loans, guarantees, or securities provided by a company that would have been prohibited under sections 369 and 370 if they had been in force. Companies must enforce repayment or revoke such agreements within six months from the commencement of the Companies (Amendment) Act, 1960. This period can be extended by a special resolution of the company. The amendments in 2000 omitted references to section 369 and specific provisions for government application for extension.
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