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AS -18 related party discloser ???

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(Querist)
16 July 2010 pvt ltd company receive loans from directors

can it is covered as per AS-18 ???

it is required to mention in notes to account???
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Rasesh

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Rasesh (Expert)
16 July 2010 Yes. It has to be disclosed in notes to accounts.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 If the director is a KMP or Individuals owning directly or indirectly interest in voting power that gives them prime control or significant influence and relatives of such individuals then disclosure of the same is required
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Srikant

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Srikant (Expert)
16 July 2010 As per AS 18 it needs Disclosure.

As 18 also applicable to Pvt. ltd. Co.
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