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Loans under sec 73

This query is : Resolved 

09 November 2015 pvt co. has taken loan from 1) dir,relative n shareholders(which is now allowed) do we still hav to report in independent audit report?? if yes, then where as there is no clause in new IAR 2)what about other unsecured loans.. their treatment???

10 November 2015 No Clause (iii) of the revised CARO covers only loan given to such people.

If there are no issues in the loan transaction, no reporting is required



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