Unsecured loan from director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2015 Whether unsecured loan taken from director will be a related party transaction and will it be included for disclosure to be made in form AOC-2

Pratik Shah

Pratik Shah (Expert)
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14 October 2015 No...Loan transaction does not come under the purview of Section 188.

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Unsecured loan from director

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