Related party
This query is : Resolved
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?
The company takes loan from an HUF where one of the company's director is the Karta thereof.Is this a related party transaction?
03 April 2014
yes s a related party transaction as per as 18.
03 April 2014
Being a relative of KMP (assuming director is a KMP here),HUF is a related party
03 April 2014
Plz tell me what is the compliance requirement of the same?
04 April 2014
for that u can refer AS 18 all the format of disclosures have been given there.
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