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[Cites 0, Cited by 0] [Section 185(1)] [Section 185] [Entire Act]

Union of India - Subsection

Section 185(1)(b) in The Companies Act, 2013

(b)a company which in the ordinary course of its business provides loans or gives guarantees or securities for the due repayment of any loan and in respect of such loans an interest is charged at a rate not less than the bank rate declared by the Reserve Bank of India;