A company has issued shares of value more than ₹ 10 L to square off outstanding loans..
Whether the transaction is to be reported under form 61a??...
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Form 61a
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A company has issued shares of value more than ₹ 10 L to square off outstanding loans.. Whether the transaction is to be reported under form 61a??... |  |
Seems outstanding loans from different persons............... Not applicable.
Kindly explain..
Refer the notification from the department as attached herewith.
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