Revised schedule vi

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naga raju (Querist)
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30 November 2012 Dear Sir

In revised schedule VI loans received from related parties is it includes loans from SHARE HOLDERS.

Can Company take loan from share holders ?

Thanks in advance

Amol S Joglekar

Amol S Joglekar (Expert)
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30 November 2012 Yes. Company may. Make a separate line item for that in revised schedule VI

Ajay Mishra

Ajay Mishra (Expert)
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30 November 2012 Hi

No need to mentioned from shareholders. You just mentioned whether it is "Loan from Related Party" or "Other Loan" and mentioned it under the heading of Short Term Borrowing or Long term.

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