XYZ Limited given loan to ABC Limited of Rs. 50000 at interest rate 21 % .These companies are not related to each other.During the statutory audit of XYZ limited auditors raised the query. What are the provisions of law applicable ?
swapnil dabke (senior executive) (320 Points)
30 May 2013XYZ Limited given loan to ABC Limited of Rs. 50000 at interest rate 21 % .These companies are not related to each other.During the statutory audit of XYZ limited auditors raised the query. What are the provisions of law applicable ?
CA Rajat Bajaj
(Job)
(1042 Points)
Replied 30 May 2013
CAclubindia
