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Discussion > Audit > Stat Audit >

unsecured loans taken by the company

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PARTNER

[ Scorecard : 200] 		Posted On 06 June 2009 at 11:00 Report Abuse

 

Q. If the company has taken loan after formation from public who is not shareholder or director or relative and not given any advertisement what it will be treated? Please send me in details.
 
 

Aditya Maheshwari
CA in Practice

[ Scorecard : 33951] 		Posted On 10 June 2009 at 20:40

It will be treated as a public deposit u/s 58A

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