Company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2010
Can we show loans from directors in the books?to what extent?
29 June 2010
Loan to the company from director is exempt from the definition of deposits.
So according to me there is no issue if u show the same in BS and there is no limit.
However wait for other expert opinions.
Regards
So according to me there is no issue if u show the same in BS and there is no limit.
However wait for other expert opinions.
Regards
29 June 2010
under Companies Act in Schedule VI Part 1 - Form of Balance Sheet, it is clearly mentioned that Loans from Directors* and Managers should be shown separately.
*inserted by Notification No. GSR 414,dated 21-03-1961.
*inserted by Notification No. GSR 414,dated 21-03-1961.
Message likes :
1 times
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- E way bill for tractors
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
