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 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

05 August 2015 Yes in case the applicable provisions are fulfilled and properly disclosed as per sec 188

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Avisha Sinha

Tanishka Khandelwal

venkatesh c

K.Govindarajan

Rasheed Mohd Abdul

Subscribe Now

Company law

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANCY

CA Final

Accountant

GST CONSULTANT