Deposits under new act
This query is : Resolved
27 September 2014
Dear Experts
as per new companies act, loan from shareholders is considered as deposit. However loan from directors is permitted.
What if directors of company are shareholders too...does loan in this case need to be reported in DPT4???
Thanks In Advance
as per new companies act, loan from shareholders is considered as deposit. However loan from directors is permitted.
What if directors of company are shareholders too...does loan in this case need to be reported in DPT4???
Thanks In Advance
28 September 2014
Dear Aman j,
The first Thing is to notice whether he/she is covered under the meaning of Director or not... if they do cover under the meaning of Director First... then they are eligible... e.g. a newly incorporated co. first they becum director and afterwords become shareholder
The first Thing is to notice whether he/she is covered under the meaning of Director or not... if they do cover under the meaning of Director First... then they are eligible... e.g. a newly incorporated co. first they becum director and afterwords become shareholder
29 September 2014
But as on 1 April 2014, they stand in the capacity of both, director and shareholder. Now does this need to be filed to ROC.?
29 September 2014
Dear Sir,
In this situation, if he/she stand at the capacity of both as on 01/4/2014, then such details needs not to be reported to ROC in DPT4
In this situation, if he/she stand at the capacity of both as on 01/4/2014, then such details needs not to be reported to ROC in DPT4
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