Fixed asset by director
This query is : Resolved
29 June 2021
Sir,
Our director has entered into sale deed for the purchase of second hand vehicle and ownership is not transfeered,,Ownership will be transferred whn the amount of loan is fully paid. Loan is existing on the asset at the time of sale.The same asset is used by the company.need to how the asset can be brought to the statement.Whether the same need to be shown in dpt-3?..whether we can bring the asset by crediting shareholder loan
Our director has entered into sale deed for the purchase of second hand vehicle and ownership is not transfeered,,Ownership will be transferred whn the amount of loan is fully paid. Loan is existing on the asset at the time of sale.The same asset is used by the company.need to how the asset can be brought to the statement.Whether the same need to be shown in dpt-3?..whether we can bring the asset by crediting shareholder loan
29 June 2021
Section 187(1) of the Companies Act,2013 doen't permit to account the assets in co's books.
29 June 2021
In that sale agreement the other party has given to use the property to director.... Whether we need to execute sale deed in the name of company from director name to use the asset
29 June 2021
In that sale agreement the other party has given to use the property to director.... Whether we need to execute sale deed in the name of company from director name to use the asset
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