Loan from shareholder who is company
This query is : Resolved
16 March 2016
Sir,
Can a Pvt. Ltd. Company take Loan from its Shareholder who is also a Company Under Companies Act, 2013 Provisions??
Dipul Mehta
Can a Pvt. Ltd. Company take Loan from its Shareholder who is also a Company Under Companies Act, 2013 Provisions??
Dipul Mehta
17 March 2016
It will be treated as Inter Corporate Deposits and is exempt deposit.
17 March 2016
Please refer Rule 2(c)(iv): any amount received by a company from any other company is exempted deposit.
Message likes :
1 times
23 March 2016
it can take loan provided section 73 to be complied with. (also refer exemption to pvt. ltd companies dated 5 june 2015).
further it is not exempted deposit as suggested by ankur sir, as it will be treated as shareholder not as a unrelated company.
further it is not exempted deposit as suggested by ankur sir, as it will be treated as shareholder not as a unrelated company.
24 March 2016
@ BUNNY SIR AND ANKUR SIR KINDLY GIVE EXACT ANSWER I M ALREADY IN CONFUSION.......
25 March 2016
It will be treated as deposit and company have to comply section 73 and rules thereof to accept the loan.
01 April 2016
In this case the provisions of Deposits need not to be complied with and it will be treated as exempted deposit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
