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AS-18 Gross value of transaction (Corporate Law)

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This query is : Resolved



( Author )
11 December 2009

Dear Sir,

I want to know, how can I calculate the gross value of transaction with the related parties as per AS-18 (If applicable) for Filling in E-Form 23AC and 23ACA and what is difference between both Form values.

Thanks
Ashish Shrivastava
C.S.


Jagruti (CS)

( Expert )
12 December 2009

Form 23AC is for Balance Sheet & its Schedules filing & Form 23ACA is for filing of P& L & its Schedules.

For 23Ac - the gross value of transaction with the related parties as per AS-18 will be closing balance of items related to Balance Sheet e.g. Capital, Secured Loan etc while

For 23ACA - it will be the value of Transaction during the year only & not closing balance of items related to P & L A/c e.g. Expenses paid, income from related transaction....


CS ashish shrivastava

( Author )
19 July 2011

Dear Sir/Madam
Please suggest, can the company change the purpose of IPO after receiving the IPO Proceeds from shareholders
If yes what's the procedure for it


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