Inter-corporate loans - Under same management - Whether section 370/295 applies to inter‑corporate deposits treating them as ‘loans’

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rcular - Circulars - Companies Law - Letter : No. 13/5/84 ‑ CL ‑ VI, dated 4 ‑ 6 ‑ 1985. Subject:- Inter-corporate loans - Under same management - Whether section .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ection 295/370 and, therefore, the provisions of section 370 are attracted in such a case. In this connection, your attention is invited to the decision of the, Rajasthan High Court in Totalal v. Stat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X