Unsecured loan from shareholder

This query is : Open

ARTHI (Querist)
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16 September 2014 Dear Experts,

A Private Limited Company has Authorised Capital of Rs.1 Lac.

Company has been continuing for many years Unsecured Loan from Shareholder of Rs.0.25 Lakh in the Balance Sheet.

In view of CA 2013, I have the following query(s):

What has to be done for the Unsecured Loan from Shareholder, which has been continuing and reflecting in the Balance Sheet for many years?

Please reply…………………. with any URL / relevant Section for me to understand in detail.

What are the effects to be done in the Company’s Balance Sheet with immediate effect?

Please reply………………….

Should there be any qualification/remarks by the Auditor, in case, the Company still continue with the Share Application Money?

Please reply………………….

Thanks a lot to all in advance for doing the needful.

ARTHI

ARTHI (Querist)
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19 September 2014 Dear Experts / Friends,

Can someone please do the needful..............