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AS - 18

This query is : Resolved 
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(Querist)
12 January 2010 Pvt Ltd company - 4 shareholders each 25% stake.
These guys are not directors, they are shareholders alone. They give/receive loan to the company.
Are they related parties as per AS-18?
Thank You in advance
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Rasesh

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Rasesh (Expert)
15 January 2010 Yes. Holding substantial interest.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
15 January 2010 yes they related parties(substantial interest).
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