Loan funds
This query is : Resolved
Bikram Dulal
(Querist)
11 January 2020
How to show in our Private ltd company balance sheet the loan funds availed by Mr. X who is a relative/friend of Company CEO(also the owner of company having 98% shareholding) where the entire Loan availed by Mr. X has been used to fund the business of the Company. The company also pays the EMIs of this Loan.
14 June 2020
https://www.mca.gov.in/MinistryV2/related+party+transactions.html
https://taxguru.in/company-law/provision-acceptance-loan-shareholders-private-limited-companies.html
https://taxguru.in/company-law/permissible-deposits-private-companies-companies-act-2013.html
https://taxguru.in/company-law/provision-acceptance-loan-shareholders-private-limited-companies.html
https://taxguru.in/company-law/permissible-deposits-private-companies-companies-act-2013.html
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