Inter corporate loan provision remains in force until the corresponding provision of the new Companies Act is notified. The circular confirms that the inter corporate loan provision under Section 372A of the Companies Act, 1956 continues to remain in force until the corresponding provision in the Companies Act, 2013 is notified; it also notes that the new Act's provision on loans to directors has been notified while the provision replacing Section 372A has not yet been brought into force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inter corporate loan provision remains in force until the corresponding provision of the new Companies Act is notified.
The circular confirms that the inter corporate loan provision under Section 372A of the Companies Act, 1956 continues to remain in force until the corresponding provision in the Companies Act, 2013 is notified; it also notes that the new Act's provision on loans to directors has been notified while the provision replacing Section 372A has not yet been brought into force.
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