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Clarification under sub-section (7) of section 186 of the Companies Act, 2013

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Full Text of the Document

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....ders. Subject : Clarification under sub-section (7) of section 186 of the Companies Act, 2013 Sir, Attention of this Ministry has been drawn to General Circular No 06/2013 dated 14.03.2013 vide which it was clarified that in cases where the effective yield (effective rate of return) on tax free bonds is greater than the yield on prevailing bank rate, there was no violation of Section 372A(3) o....

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