LOAn taken in the name of director of the company & utilised for company purpose can it be shown in company accounts
Menu
Loan in the name of director
Replies (2)
hi sowmya
plz refer sec 295.of companies act 1956 Loans to directors, etc.
Hi,
Depends on the facts of the case. Minutes, resolutions and how the transactions have been dealt needs to be reviewed.
Alternatively, it can be shown as loan from the directors in the Company Accounts.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
