Can a private company receive unsecured loan from its promoter company, which is a foreign company ?
Menu
Unsecured loan from foreign promoter company
Replies (1)
Yes, amount received from a foreign body corporate etc. is not a deposit [Ref. Rule 2(1)(c)(ii) of Companies (Acceptance of Deposits) Rules 2014.]. But this is subject to compliance of other provisions like Sections 179, 180 etc.
Recent Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
