Loan from Directors
This query is : Resolved
14 November 2009
Hi Everyone
Can u please clarify whether Interest Free Loan from Directors exceeding the total of Paid up capital and free reserves of a company requires special resolution u/s 293(1)(d). As some loans are outside the preview of this section, whether this is covered or this is also not covered.
Thanks
Can u please clarify whether Interest Free Loan from Directors exceeding the total of Paid up capital and free reserves of a company requires special resolution u/s 293(1)(d). As some loans are outside the preview of this section, whether this is covered or this is also not covered.
Thanks
15 November 2009
ineterst free loand can be given only during the year.
15 November 2009
yes, in preview of sec. 293. ordinary Resoluation required.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- TDS related Query_Liquidated Damages
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
