limitation for giving loans by a privare limited company
This query is : Resolved
02 January 2009
Are there any limitation for giving loans by a privare limited company. I have heard that if loans exceed by 50% of paid up capital it is regarded as NBFC. Please Heip
14 April 2012
Not only 50% of assets criteria, it has to satisfy 50% of income criteria also i.e of its total income if more than 50% is from financial services, then it will be rendered as a NBFC.
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
- TDS ON RENT OF RESIDENATIAL PROPERTY
- Form 121 of income tax
- 10% pre-deposit for gst appeal
- Tax on selling redeveloped resi property
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
