Accepting cash in from of unsecured loan
This query is : Open
pratap singh rathore
(Querist)
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
CA Ayush Agarwal
(Expert)
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.
pratap singh rathore
(Querist)
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
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=539032
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=539032
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Appointment of Auditor By Form ADT-1
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Movement of goods by packers and movers - type of sale - Reg.
- ARCA LOGIN
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
