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Amount received from share holder other than share related

This query is : Resolved 
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(Querist)
14 August 2009 Is the amount received from the MD of a pvt ltd company for carrying on the day to day activities can be shown as a loan for the company from share holder???????
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Venkat Rao Marella

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Venkat Rao Marella (Expert)
14 August 2009 That will be transaction with related parites and should be shown as loan from Directors.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
14 August 2009 No it is a related part transaction
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CA Manjith

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CA Manjith (Querist)
14 August 2009 is there any problem in showing that amount as a director's loan in BS.

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