The Companies Act, 1956
296. Application of section 295 to book debts in certain cases
1[296. Application of section 295 to book debts in certain cases
Section 295 shall apply to any transaction represented by a book debt which was from its inception in the nature of a loan or an advance.]
1. Subs. by Act 65 of 1960, sec. 103, for section 296 (w.e.f. 28-12-1960).
