A P Ltd company registered under COA 2013 has advanced ₹5 Lac to one of its Shareholders, who is no part of Management.
No interest is charged on same and advance is overdue for more than an year.
Is there any violation of provisions of CoA 2013 in the above case?
Malhotra Rajesh & Associates
New Delhi
B.Com
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RMA And Associates LLP
New Delhi
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
CAclubindia
