Section 295
This query is : Resolved
12 April 2012
1) If the borrower company is a private company and its subsidiary company is a public limited company which also provides the security or guarantee for the former's borrowing. Will 295 apply?
2)If the borrower company has an associate which provides for the security or guarantee . Will 295 apply or not?
2)If the borrower company has an associate which provides for the security or guarantee . Will 295 apply or not?
18 April 2012
in both cases 295 will be applicable.
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