Section 295 Companies Act

Loan to Public Companies Under Section 295 of the Companies Act, 1956 Clarification

CLR Note:  The circular regarding Loan to Public Limited Companies under Section 295 has been issued by the MCA to avoid unnecessary applications being filed by Companies for approvals even when the Act does not require approval. This circular seeks to clarify the position. Relevant extracts of Section 295 are also reproduced below for cross… Read More

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