26 June 2015
As per latest exemptions the pvt ltd. co can taken unsecured loan from its members subject to 100% of its paidup share Capital+ free reserves. My questions are - 1. from when this will be applicable; is it applicable for transactions for fy 2014-15
and
2. Any conditions for availing this exemption my mean to say a pvt ltd company having any type of shareholder category including body corporate, firm, individual can avail this exemption or any stipulations for that.
CAclubindia
