Inter-corporate loans - Under same management - Whether clause (iii) of sub section (1B) applies to Government companies

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..... : No. 9/76 [13/127/6‑CL-VI and 1/1/76‑CL-V], dated 19‑5‑1976. Subject:- Inter-corporate loans - Under same management - Whether clause (iii) of sub‑section (1B) applies .....

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..... the Department is of the view that the President or the Governor holds shares in companies by virtue of the constitutional provisions which permit Union or the State acquiring, holding and disposing o .....

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