Related party disclosure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2010
A pvt. ltd. company, XYZ pvt. ltd., have only two directors, and one of them given a unsecured loan of RS. 15000/- to XYZ pvt. Ltd, can it is required to disclose as per AS - 18 in Audit Report of XYZ Ltd.?
Aditya Maheshwari
(Expert)
17 July 2010
The same is to be disclosed in notes to accounts as per AS - 18 and in clause (iii) of CARO report.
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