Section 2(22)e

This query is : Resolved 

29 November 2010 ABC Ltd a Closly held Public Company has invested in Partnership Firm PQR as 25% Partner

Now ABC Ltd wants to Retire but PQR is unable to repay Capital Hence Converts it into Loan

Event Wise Details
on 31-12-2010 ABC Ltd will retire

Shareholder/Directors of ABC Ltd are Relatives of Partners of PQR,

Query :- Wheather Provisions of Section 2(22)e is Applicable ?


29 November 2010 Please tell the details regarding % of shareholding in company.

29 November 2010 https://www.caclubindia.com/articles/details.asp?mod_id=6121

Also see this article this will help you.


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