Unsecured loans recieved from relatives of director
This query is : Resolved
06 January 2015
I read an article in which i saw that a pvt ltd company cannot take unsecured loans from relatives of director.
My query is what will be the impact if company already recieved loan before applicability of Co Act 2013.
My query is what will be the impact if company already recieved loan before applicability of Co Act 2013.
06 January 2015
Under New Company law, loan received by companies (both Public & Private) from shareholders or relatives of director’s will be considered as deposits.
if the private companies have any loan received from any person other than director then they have to file a statement with the Registrar within 31st AUGUST 2014 in Form DPT-4. Such companies shall also repay the dues on or before 31.03.2015 or on due date of repayment, whichever is earlier.
if the private companies have any loan received from any person other than director then they have to file a statement with the Registrar within 31st AUGUST 2014 in Form DPT-4. Such companies shall also repay the dues on or before 31.03.2015 or on due date of repayment, whichever is earlier.
07 January 2015
Will any penal provision attracts if company didn't file DPT-4 and loan is not repaid before 31/03/2015
07 January 2015
Section 73(2) read with Rule 21 of (Acceptance of Deposits) Rules, 2014
The company and every officer of the company who is in default shall be punishable
with fine which may extend to five thousand rupees and where the contravention is a continuing one, with a further fine which
may extend to five hundred rupees for every day after the first day during which the contravention continues.
The company and every officer of the company who is in default shall be punishable
with fine which may extend to five thousand rupees and where the contravention is a continuing one, with a further fine which
may extend to five hundred rupees for every day after the first day during which the contravention continues.
07 January 2015
Thanks for Providing Information
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- What is provisional receipt number for generation of form 16A
- Scrutiny assessments u/s 143(2) for AY 25-26
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- 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
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
