Hi All,
I need the opinion regarding applicability of sec 58A and 58AA.
We converted the partnership firm into Pvt Ltd Co. The loans which we have carried to Company how they will be legalised under the provisions of above mentioned sections, as these loans are from the parties which are prohilbited under these Secs.
Guide me on this.
hi sanjeev or ca dhasrath
i also have the same problem
if u have got the answer pl forward it to me at narinder_hnd @ yahoo.com
anothe related problem if amount of partners capital account exceeds the authorised capital , can we issue the shares at premium to the directors.
thanks in advance
CAclubindia
