Section 58A& 58AA
This query is : Resolved
13 July 2009
Please guide me on the following:
Where a public Limited company has taken unsecured loans from the some person(other than Shareholder and directors etc.).Whether this loan with in the defination of Deposit under section 58A& 58AA. if yes, What are the formalities, the company has to compile with now
Where a public Limited company has taken unsecured loans from the some person(other than Shareholder and directors etc.).Whether this loan with in the defination of Deposit under section 58A& 58AA. if yes, What are the formalities, the company has to compile with now
14 July 2009
Hi Varun,
Such transaction by public company shall be treated as Public Deposit under section 58A read with Deposit Rules.
Regards
Such transaction by public company shall be treated as Public Deposit under section 58A read with Deposit Rules.
Regards
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Specified Profession
- STCG FOR GOLD ETFs
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- 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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
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
