Whether provisions of sub-section (1) have to be complied with by exempted companies on their ceasing to be so

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....ar : No. 13/(98)‑CL‑VI/67, dated 24‑2‑1971. Subject:- Whether provisions of sub-section (1) have to be complied with by exempted companies on their ceasing to be so The refer....

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....e exemption provided has ceased to be operative, has been reconsidered and the Department has now been advised that the provisions of section 370 would not be applicable to the loans made, guarantees ....