Parties covered under section 301 of companies act 1956

Rajagopalakrishnan R (PARTNER) (1417 Points)

09 September 2014  

In the context of CARO 2003, Clause     requires an auditor to report on Loans taken from/granted to "Companies Firms or other Parties entered in the register u/s 301."

The query is whether a director of the same co, is such a party??