Accepting cash in from of unsecured loan
This query is : Open
18 September 2012
Dear All,
Kindly suggest me which sections are applicable of Companies act if a public limited co. accept cash as a unsecured loan from others. Also suggest the scope of Sec. 58A of the Companies Act 1956.
urgent reply
Kindly suggest me which sections are applicable of Companies act if a public limited co. accept cash as a unsecured loan from others. Also suggest the scope of Sec. 58A of the Companies Act 1956.
urgent reply
18 September 2012
No, Not Exceeding 20000 from per person.
Otherwise Penalty u/s 269ss of Income Tax Come in Exist.
Otherwise Penalty u/s 269ss of Income Tax Come in Exist.
19 September 2012
Dear All, Kindly suggest me which sections are applicable of Companies act if a public limited co. accept cash as a unsecured loan from others. Also suggest the scope of Sec. 58A of the Companies Act 1956. urgent reply
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