Company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2015
Dear All
In most of the cases, in the CA, 2013 and the Rules made thereunder, the provisions of the Act depends upon some figures as per last audited Balance Sheet. What will be the figure in case of a newly incorporated company whose Balance Sheet is yet to be prepared ?
In most of the cases, in the CA, 2013 and the Rules made thereunder, the provisions of the Act depends upon some figures as per last audited Balance Sheet. What will be the figure in case of a newly incorporated company whose Balance Sheet is yet to be prepared ?
04 August 2015
NIL, as co is new and does not have any past financial transaction.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2015
Thanks for Reply.
Is a newly incorporated company eligible to make related party transaction under section 188 of CA, 2013 having transaction value of any amount ?
Is a newly incorporated company eligible to make related party transaction under section 188 of CA, 2013 having transaction value of any amount ?
05 August 2015
Yes in case the applicable provisions are fulfilled and properly disclosed as per sec 188
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