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Acceptance of loan

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(Querist)
16 August 2010 is Unsecured loan accepted/paid through RTGS is voilation of section 269 SS
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 August 2010 No it is not.
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Abhi123

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Abhi123 (Querist)
16 August 2010 Thanx for reply
in 3cd, it specify whether loan is received otherwise than Bank Draft/account payee cheque. What comment we will give upon
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Rahul Gupta

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Rahul Gupta (Expert)
16 August 2010 RTGS transaction is itself a Bank Transaction and can be termed as account payee only.

So comment will be NO.

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