TMI BlogAmendment of section 11X X X X Extracts X X X X X X X X Extracts X X X X ..... has been made and such public sector company ceases to be a public sector company,- (A) such investment made in the shares of such company shall be deemed to be an investment made under this clause for a period of three years from the date on which such public sector company ceases to be a public sector company; (B) such other investment or deposit shall be deemed to be an investment made unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purposes of this clause,- (a) "long-term finance" means any loan or advance where the terms under which moneys are loaned or advanced provide for repayment along with interest thereof during a period of not less than five years; (b) "public company" shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 of 1956); (c) "urban infrastructure" means a project for provi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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