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Related party

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(Querist)
03 April 2014 Plz solve this...

The company takes loan from an HUF where one of the company's director is the Karta thereof.Is this a related party transaction?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 April 2014 yes s a related party transaction as per as 18.
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
03 April 2014 Being a relative of KMP (assuming director is a KMP here),HUF is a related party



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SARAT

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SARAT (Querist)
03 April 2014 Plz tell me what is the compliance requirement of the same?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 April 2014 for that u can refer AS 18 all the format of disclosures have been given there.

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