AOC-2

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104 Points Posted on 11 November 2022
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?
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On 11 November 2022 at 09:42 Report
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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.

Guest

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.

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On 11 November 2022 at 18:18
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104 Points Posted on 17 November 2022
Is remuneration to director and kmp has to be considered part of AOC-2?
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On 17 November 2022 at 10:13
Guest

No, not reqd in AOC-2.

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On 17 November 2022 at 10:55

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