Inter-corporate loans - Under same management - Whether clause (iii) of sub section (1B) applies to Government companies

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... No. 9/76 [13/127/6‑CL-VI and 1/1/76‑CL-V], dated 19‑5‑1976. Subject:- Inter-corporate loans - Under same management - Whether clause (iii) of sub‑section (1B) applies t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Department is of the view that the President or the Governor holds shares in companies by virtue of the constitutional provisions which permit Union or the State acquiring, holding and disposing of....