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[Cites 0, Cited by 3] [Section 372A] [Entire Act]

Union of India - Subsection

Section 372A(3) in The Companies Act, 1956

(3)No loan to any body corporate shall be made at a rate of interest lower than the prevailing bank rate, being the standard rate made public under section 49 of the Reserve Bank of India Act, 1934 (2 of 1934).