Bad debts allowable for loss of advances given in ordinary course even if object clause doesn't allow money lending
IT : It is possible to do occasional money lending in commercial world without having such object clause also and object clause cannot be only basis to prove money lending and it is possible for one company to lend money to another company for various reasons, even in absence of such object clause
Regards
Prarthana Jalan
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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>
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