Are the provisions of Sec 372A applicable to Govt. Cos.? Earlier , with approval of State Govt. a state PSU could give loans to other entities .
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Making Loans, Sec 372A re Govt. Cos.
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Hi
Section 372A(8) provides exception to which this section does not apply. Liky anyother company provision of this section equally apply to Govt. Companies.
Abosultely agreeing with the learned member
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