Section 372A (3)

MCA Clarification under Section 372A(3) of the Companies Act, 1956

The Ministry of Corporate Affairs (MCA) vide its General Circular No. 06 /2013 dated 14.03.2013 has provided a clarification under Section 372A (3) of the Companies Act, 1956, which says that in such cases where the effective yield (effective rate of return) on tax free bonds is greater than the yield on prevailing bank rate,… Read More

Tags: Companies ActCompanies Act 1956MCA21Ministry of Corporate AffairsNew DelhiReserve Bank of IndiaSection 372A (3)The Income-tax Act 1961

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