Interest on loan
Kamlesh V Trivedi (Accounts Manager) (37 Points)
09 June 2014Kamlesh V Trivedi (Accounts Manager) (37 Points)
09 June 2014
Gangatharan
(Partner)
(108 Points)
Replied 10 June 2014
As per new companies act (section 186), a company should not give loan to related paty(301 register)
If a loan had given, it would attract a penalty of Rs. 5 lakhs to 25 lakhs.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)