Loans during exemption counted: must be included when computing statutory ceiling under section 370 provisions. Loans advanced while a company was exempted under sub section (2) of section 370 are to be taken into account when computing the ceiling prescribed in the second proviso to sub section (1) of section 370; loans made during the exempted period are not excluded from the ceiling calculation.
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Loans during exemption counted: must be included when computing statutory ceiling under section 370 provisions.
Loans advanced while a company was exempted under sub section (2) of section 370 are to be taken into account when computing the ceiling prescribed in the second proviso to sub section (1) of section 370; loans made during the exempted period are not excluded from the ceiling calculation.
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