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

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Companies Law
Letter : No. 13/5/84‑CL‑VI, dated 4‑6‑1985. Subject:- Inter-corporate loans - Under same management - Whether section 370/295 applies to inter‑corp .....

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..... ons 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. State AIR 1963 Raj. 6.
Circular, Trade Not .....

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