Unsecured loan
This query is : Resolved
Rohit Iyyer
(Querist)
26 June 2015
As per latest exemptions the pvt ltd. co can taken unsecured loan from its members subject to 100% of its paidup share Capital+ free reserves.
My questions are -
1. from when this will be applicable; is it applicable for transactions for fy 2014-15
and
2. Any conditions for availing this exemption my mean to say a pvt ltd company having any type of shareholder category including body corporate, firm, individual can avail this exemption or any stipulations for that.
My questions are -
1. from when this will be applicable; is it applicable for transactions for fy 2014-15
and
2. Any conditions for availing this exemption my mean to say a pvt ltd company having any type of shareholder category including body corporate, firm, individual can avail this exemption or any stipulations for that.
CS JAY GOHIL
(Expert)
26 June 2015
it is applicable form issue of notification i.e 05/06/2015
no conditions are there as asked by you
no conditions are there as asked by you
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