Section 188 of Companies Act = AOC 2


This query is : Resolved 

Quick Summary
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.

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

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

21 January 2024 Thank you very much Sir


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