Regarding loans from directors
This query is : Resolved
09 January 2012
any one can tell me that in case loans taken from relatives of director.
in which relatives means................?
in which relatives means................?
CS Mitesh Mehta
(Expert)
09 January 2012
As per Section 6 read with Schedule 1A of the companies Act, 1956,
A Person shall be deemed to be a relative of another if and only if:
i) they are members of a Hindu Undivided Family,
ii) they are husband & wife,
iii) one is related to the other in the manner indicated in schedule - I A"
[SCHEDULE IA
[See section 6(c)]
LIST OF RELATIVES
1. Father.
2. Mother (including step-mother).
3. Son (including step-son).
4. Son's wife.
5. Daughter (including step-daughter).
6. Father's father.
7. Father's mother.
8. Mother's mother.
9. Mother's father.
10. Son's son.
11. Son's son's wife
12. Son's daughter.
13. Son's daughter's husband.
14. Daughter's husband.
15. Daughter's son.
16. Daughter's son's wife.
17. Daughter's daughter.
18. Daughter's daughter's husband.
19. Brother (including step-brother).
20. Brother's wife.
21. Sister (including step-sister).
22. Sister's husband.
A Person shall be deemed to be a relative of another if and only if:
i) they are members of a Hindu Undivided Family,
ii) they are husband & wife,
iii) one is related to the other in the manner indicated in schedule - I A"
[SCHEDULE IA
[See section 6(c)]
LIST OF RELATIVES
1. Father.
2. Mother (including step-mother).
3. Son (including step-son).
4. Son's wife.
5. Daughter (including step-daughter).
6. Father's father.
7. Father's mother.
8. Mother's mother.
9. Mother's father.
10. Son's son.
11. Son's son's wife
12. Son's daughter.
13. Son's daughter's husband.
14. Daughter's husband.
15. Daughter's son.
16. Daughter's son's wife.
17. Daughter's daughter.
18. Daughter's daughter's husband.
19. Brother (including step-brother).
20. Brother's wife.
21. Sister (including step-sister).
22. Sister's husband.
Jiten Gupta
(Expert)
09 January 2012
Well explained.
As per listing agreement also, same persons are considered relatives.
As per listing agreement also, same persons are considered relatives.
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