Section 301 reg. enteriesss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
Please reply... Urgent Query....
I have to make an entry of loan taken from directors or body corporates in which directors are interested The company is listed company. I want to ask is it required to take approval of board or I have to directly make entry in register within 30 days and after then presented before board???? The loan is within the power of board u/s 292.
One more thing that interest paid to director or body corporates agains loan taken also require to enter in register??????
I have to make an entry of loan taken from directors or body corporates in which directors are interested The company is listed company. I want to ask is it required to take approval of board or I have to directly make entry in register within 30 days and after then presented before board???? The loan is within the power of board u/s 292.
One more thing that interest paid to director or body corporates agains loan taken also require to enter in register??????
04 July 2013
Yes it has to be passed in BOD and the same has to be shown as loan from directors
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