Dear Friends,
During the Audit we not used to check the terms and conditions of loan if accepted by company from related party (In exceptional cases). Herein i am attaching sheet under which a general terms and condition sheet attached through we can accept a declaration made by company and director on loans.
Kindly share your's view on this for further changes.Â
Rahul Verma
rahulverma3055 @ gmail.com #docx
CAclubindia
