sec 301


This query is : Resolved 

22 January 2011 Is advances granted to parties mentioned U/s 301 is to be reported in CARO?

22 January 2011 It is required to be mentioned only if loan is granted and not advance

Has the company granted any loans, secured or unsecured to Companies, firms or other parties covered in the register maintained under section 301 of the Act. If so, give the number of parties and amount involved in the transactions;
Whether the rate of interest and other terms and conditions of loans given by the company, secured or unsecured, are prima facie prejudicial to the interest of the Company;

Whether receipt of the principal amount and interest are also regular;

If overdue amount is more than Rupees one lakh, whether reasonable steps have been taken by the Company for recovery of the principal and interest ;

Has the Company taken any loans, secured or unsecured from Companies, firms or other parties covered in the register maintained under section 301 of the Act. If so, give the number of parties and amount involved in the transactions;

Whether the rate of interest and other terms and conditions of loans taken by the company, secured or unsecured, are prima facie prejudicial to the interest of the Company;

Whether payment of the principal amount and interest are also regular;


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