Application requirement for corporate loans: companies must file Form 24AB with the central government before granting loans or guarantees. Companies intending to give a loan, provide security, or furnish a guarantee in connection with a loan must apply to the Central Government by submitting ... Summary
Application requirement for corporate loans: companies must file Form 24AB with the central government before granting loans or guarantees.
Companies intending to give a loan, provide security, or furnish a guarantee in connection with a loan must apply to the Central Government by submitting Form 24AB, making prior governmental approval a precondition for such transactions.
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