A company whose paid up capital is 100000 and taken loan of RS 6cr under which 3cr is taken from bank and 3cr from related party transactions so what legal compliances we have to comply with?
Menu
Intercorporate loan
Replies (1)
pass the necessary resolution under section 179 read with section 180. Along with that if related parties are directors then take declaration from directors they have not given loan out of borrowed funds in accordance with deposit rules.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
