372a
This query is : Resolved
14 December 2011
I WANT TO KNOW WHETHER SECTION 372A IS APPLICABLE IN THE FOLLOWING CASE:-
COMPANY A HAS ENTERED INTO AN AGREEMENT WITH SOME BODY CORPORATE FOR SALE OF ONE OF ITS PROJECT AND THE SAID BODY CORPORATE IN ORDER TO SECURE ITS INVESTMENT ASKED COMPANY A TO PROVIDE A CORPORATE GUARANTEE AND COMPANY A EXECUTED THE REQUISITE CORPORATE GUARANTEE. WHETHER THIS CORPORATE GUARANTEE IS COVERED UNDER SECTION 372A FOR COMPANY A
COMPANY A HAS ENTERED INTO AN AGREEMENT WITH SOME BODY CORPORATE FOR SALE OF ONE OF ITS PROJECT AND THE SAID BODY CORPORATE IN ORDER TO SECURE ITS INVESTMENT ASKED COMPANY A TO PROVIDE A CORPORATE GUARANTEE AND COMPANY A EXECUTED THE REQUISITE CORPORATE GUARANTEE. WHETHER THIS CORPORATE GUARANTEE IS COVERED UNDER SECTION 372A FOR COMPANY A
14 December 2011
Corporate Guarantee is given in connection with a loan made by any other person to or to any other person, by any body corporate.
Guest
Guest
(Expert)
14 December 2011
Yes, it is covered under section 372A.
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
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
