Loan from shareholder who is company
This query is : Resolved
16 March 2016
Sir,
Can a Pvt. Ltd. Company take Loan from its Shareholder who is also a Company Under Companies Act, 2013 Provisions??
Dipul Mehta
Can a Pvt. Ltd. Company take Loan from its Shareholder who is also a Company Under Companies Act, 2013 Provisions??
Dipul Mehta
17 March 2016
It will be treated as Inter Corporate Deposits and is exempt deposit.
17 March 2016
Please refer Rule 2(c)(iv): any amount received by a company from any other company is exempted deposit.
Message likes :
1 times
23 March 2016
it can take loan provided section 73 to be complied with. (also refer exemption to pvt. ltd companies dated 5 june 2015).
further it is not exempted deposit as suggested by ankur sir, as it will be treated as shareholder not as a unrelated company.
further it is not exempted deposit as suggested by ankur sir, as it will be treated as shareholder not as a unrelated company.
24 March 2016
@ BUNNY SIR AND ANKUR SIR KINDLY GIVE EXACT ANSWER I M ALREADY IN CONFUSION.......
25 March 2016
It will be treated as deposit and company have to comply section 73 and rules thereof to accept the loan.
01 April 2016
In this case the provisions of Deposits need not to be complied with and it will be treated as exempted deposit.
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
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
