Can anyone ellaborate the exceptions to section 295 of the Companies Act, 1956?
1 Replies
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 09 July 2012
Non applicabiliy of Section - 295 :-
1. a private company
2. a banking company
3. loan made by a holding company to its subsidiary company
4. guarantee given or security provided by a holding company in respect of a loan given to its subsidiary company
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