MBP2 loans register

Kavita R (Service) (166 Points)

04 March 2023  

If ABC company has paid the ROC charges of XYZ co., where ABC is a related party  kindly clarify the below: 

1) will this transaction be considered as RPT ?

2) will this be entered in the MBP -2 as loan taken ?

3) prior board approval for the transaction is required ?

Thanks in advance.