Section 188 of Companies Act = AOC 2

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This discussion clarifies whether unsecured loans given and taken by a private limited company from related parties need to be disclosed in Form AOC 2. The query references Section 188 of the Companies Act, which deals with related party transactions. The consensus is that such transactions generally require disclosure in AOC 2, provided they fall within the scope of Section 188.

R S Sai Kumar

R S Sai Kumar (Querist)
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19 August 2023 One of my client is a private Limited Company - the company has given and taken unsecured loans from related parties. Have we to mention these transactions in AOC 2.
Please clarify

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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21 January 2024 https://ca2013.com/188-related-party-transactions/#:~:text=(2)%20Every%20contract%20or%20arrangement,into%20such%20contract%20or%20arrangement.

R S Sai Kumar

R S Sai Kumar (Querist)
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21 January 2024 Thank you very much Sir

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