Section
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2012
Loan from director Will come under AS18 (related party transtion ) and in CARO ?
09 October 2012
Hi
Section 292, and section 3(1) (iii) of the Companies Act, 1956 deal with Loan from directors in case of private company. The provision of section 58A will not apply to private company.
In case of Public company, the provision of section 292 and 293 will apply.The provision of section 58A will not apply to public company if loan is taken from director.
Section 292, and section 3(1) (iii) of the Companies Act, 1956 deal with Loan from directors in case of private company. The provision of section 58A will not apply to private company.
In case of Public company, the provision of section 292 and 293 will apply.The provision of section 58A will not apply to public company if loan is taken from director.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- ITR returnFY25-26
- Treatment of Pension ?annuity returns on PMVY
- Scrutiny assessments u/s 143(2) for AY 25-26
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
