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Acceptance/payment of loan

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Abhi123 (Querist)
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16 August 2010 In 3cd reprt what will we comment upon if loan is accepted or paid u/s 269ss through RTGS whereas it is specify whether loan is accepted/paid otherwise than through account payee cheque/bank draft

Rahul Gupta

Rahul Gupta (Expert)
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16 August 2010 The comment wil be NO.

It is also answered here >

https://www.caclubindia.com/experts/acceptance-of-loan-461410.asp

Ratan Sharma

Ratan Sharma (Expert)
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16 August 2010 Yes, if the loan is accepted through RTGS it is violation of 269SS. No such amendment in the act at present.

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