https://www.taxtmi.com/circulars?id=52700 The Ministry clarifies that, until the Companies Act, 2013 provisions are notified, the exemption in clause (d) of sub section (8) of Section 372A, 1956 shall apply to guarantees or securities provided by a holding company for loans advanced by banks or financial institutions to its subsidiary, provided such loans are exclusively utilized by the subsidiary for its principal business activities. en-us Fri, 14 Feb 2014 00:00:00 +0530 Tue, 18 Feb 2014 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52700 The Ministry clarifies that, until the Companies Act, 2013 provisions are notified, the exemption in clause (d) of sub section (8) of Section 372A, 1956 shall apply to guarantees or securities provided by a holding company for loans advanced by banks or financial institutions to its subsidiary, provided such loans are exclusively utilized by the subsidiary for its principal business activities. Circulars Companies Law Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52700