06 April 2009
The term loan includes any deposit made by a company to another company............
Does the term "any deposit" means a trade advance made by a company to another comapny is included in the definition of section 372A and whether such advances are required to be included in the Register of Investments.
07 April 2009
A trade advance made by a company will not come under the purview of Section 372 and such advances need not be recorded in the register of investments.
CAclubindia
