Section 372 of the Companies Act, 2013
Section 372 of the Companies Act, 2013 has been omitted.
📘 Section 372 – Omitted Provision
Section 372 of the Companies Act, 2013, does not exist in the current version of the Act.
It was originally part of the Companies Act, 1956, and related to inter-corporate loans and investments.
In the Companies Act, 2013, those provisions have been replaced and covered under:
🔹 Section 186 – Loan and investment by company
✅ For relevant information, refer to:
Section 186 of the Companies Act, 2013:
Regulates loans, guarantees, securities, and acquisitions of securities by a company.
Includes limits on such transactions and approvals required from the Board/shareholders.
RELATED Blog
0 comments