https://www.taxtmi.com/circulars?id=10785 An analysis must accompany applications for approval under section 370, setting out loan purposes, interest rate and period, maximum loan by a single company and its proportion to paid up capital, relationship between lender and borrower, prior lending history and related remarks. If proposed lending exceeds the statutory limits requiring Central Government approval, the special resolution must either disclose material terms of each loan (borrower, amount, security, rate) or specify a clear aggregate limit; full details must be provided in the application to the Central Government/Company Law Board. en-us Thu, 31 Oct 1968 00:00:00 +0530 Thu, 16 Jun 2011 19:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10785 An analysis must accompany applications for approval under section 370, setting out loan purposes, interest rate and period, maximum loan by a single company and its proportion to paid up capital, relationship between lender and borrower, prior lending history and related remarks. If proposed lending exceeds the statutory limits requiring Central Government approval, the special resolution must either disclose material terms of each loan (borrower, amount, security, rate) or specify a clear aggregate limit; full details must be provided in the application to the Central Government/Company Law Board. Circulars Companies Law Thu, 31 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10785