Inter-corporate loans - Under same management - Whether section 370 applies to section 25 companies limited by guarantee and having no share capital

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..... on 25 companies limited by guarantee and having no share capital Loan has to be computed with reference to the lending company's subscribed capital and its free reserves. A section 25 company may or may not have share capital. If it has share capital, the provision of section 370 become applicable in the same manner as these are applicable to any other company. In case it does not have share capi .....

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