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of <h1>Company Loans During Exempt Status Count Toward 30% Ceiling Per Section 370 Rules.</h1> Loans extended by a company during its exempted status under sub-section (2) of section 370 must be included when calculating the 30 percent ceiling as outlined in the second proviso to sub-section (1) of section 370. This requirement ensures that all loans, regardless of the company's status at the time of issuance, are considered in the overall loan ceiling computation.
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