Hello friends,
A Newly pvt. ltd is Incorprated with Authorised Capital of 1 lakhs and in the financial Year 2012-2013 it does n't have any bank a/c.. all the transaction are performed through the bank a/c of Director.. In that case how to Record all d trnscation.. Company Also take Loans From the relative of Director ... Plz Guide me .
Thanku in Advance.
As per my Knowledge, The company can enter into a MOU( Memorandum of Understanding) with the director regarding the above Issue. And A Pvt.Ltd Company can take Loans from Related Parties
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
