AOC-2

Do we need to mention in Aoc-2 the following related parties transaction as it is not mention in section 188.

1. loan from director
2. inter corporate loan

Further will point 1 transaction is to be mention in AS 18?
Replies (3)
Quick Summary
This discussion clarifies which related party transactions must be disclosed in AOC-2. It confirms that loans from directors and inter-corporate loans are not required in AOC-2, even if not covered by Section 188(1). However, these transactions must still be disclosed under AS 18. Remuneration to directors and KMPs is also not required in AOC-2.

only transactions coming under section 188(1) to be disclosed in AOC2. Both your points not to be mentioned.

 

But both the points are mandatorily to be mentioned in AS18 disclosure.

Is remuneration to director and kmp has to be considered part of AOC-2?

No, not reqd in AOC-2.

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