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According to Section 117(3) of the Companies Act, 2013, what is the filing requirement for a Board resolution when a banking company grants a corporate loan in its ordinary course of business?
It must be registered under general filing resolutions
It requires prior approval from Central Government
It is exempt from filing requirements under the Act
It is exempt provided the corporate loan is 50 crores
It is exempt from filing requirements under the Act
Practice and solve "According to Section 117(3) of the Companies Act, 2013, what is the filing requirement for a Board r..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: It is exempt from filing requirements under the Act. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "According to Section 117(3) of the Companies Act, 2013, what is the filing requirement for a Board r..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: It is exempt from filing requirements under the Act. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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