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Related Party disclosure

This query is : Resolved 
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(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.
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Deepak Agrawal

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Deepak Agrawal (Expert)
21 February 2009 Being a commn director do not make it related...

So no disclosure required
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