Query on loan by a company from a director

loan from director by a company as per companies act need to be reported in aoc2 Or not
Replies (3)
It's an exempted deposit u/r 2(1)(c) of companies (AOD) Rules , subject to declaration by director that means of lending are from his own pocket and not from borrowed funds ,So DPT -3 reporting if o/s as on 31/03 is required ,,secondly AOC-2 requires all kind of related party transactions whether in ordinary course or not or arms length basis or not ? So as per my view Loan from director should be mentioned in AOC-2 by keeping in mind transfer of resources,services and obligations etc and there is no harm as such ...
Ok Thank you
Loan from Director does not covered under section 188, no need to report in AOC 2

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Follow