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Related party transaction

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(Querist)
16 December 2015 If Company has taken LOANS & ADVANCES from its related party, Do we need to mention the same in AOC 2 or only the disclosure in Notes to Accounts is fine ?? coz as per my understanding Loans & Advances are not covered under RPT
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Pratik Shah

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Pratik Shah (Expert)
17 December 2015 Correct. It does not come under the purview of Section 188.

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