Related Party disclosure
This query is : Resolved
CA Ashok Kumar Jha
(Querist)
11 February 2009
Company A received interest from company B on unsecured loan which was given earlier to company B.Both the Company have a common director mr. mukesh. mr mukesh is executive director in company A and non executive director in company B.
Is interest received by company A is related party transaction and any disclosure required for the same.Company A is reporting enterprise.
Is interest received by company A is related party transaction and any disclosure required for the same.Company A is reporting enterprise.
Deepak Agrawal
(Expert)
21 February 2009
Being a commn director do not make it related...
So no disclosure required
So no disclosure required
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