General Circular of MCA on Clarification under Section-186 (7) of Companies Act, 2013
10 April 2015

The MCA has come with a Circular clarifying that there is no violation of Section 186(7) in cases where the effective rate of return on tax free bonds is greater than the prevailing yield of one year, three year, five year or ten year Government Security closest to the tenor of the loan.

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