Modification in section clause (b) of sub section (3) of section 209, 620 to Companies Act, 1956

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..... powers conferred by sub‑section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that the provisions of clause (b) of sub‑section (3) of section 209 of the said Act shall not apply to any Government company engaged in the promotion and development of industries, to the extent it relates to income from-- (a) interest on seed money loans .....

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