Loans under sec 73
This query is : Resolved
09 November 2015
pvt co. has taken loan from
1) dir,relative n shareholders(which is now allowed) do we still hav to report in independent audit report??
if yes, then where as there is no clause in new IAR
2)what about other unsecured loans.. their treatment???
10 November 2015
No Clause (iii) of the revised CARO covers only loan given to such people.
If there are no issues in the loan transaction, no reporting is required
If there are no issues in the loan transaction, no reporting is required
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