Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 23] [Entire Act]

Union of India - Section

Section 296 in The Companies Act, 1956

296. [Application of section 295 to book debts in certain cases

Section 295 shall apply to any transaction represented by a book debt which was from its inception in the nature of a loan or an advance.] [ Substituted by Act 65 of 1960, Section 102, for sub-Section (2) (w.e.f. 28.12.1960).]