Pl let me know about the latest clarification and changes in refund / allotment of Share application and loans from director and members in a Pvt. Ltds. company.
04 April 2015
1. Share application money pending allotment - company shall either allot shares or return the money by June 1,2015.
2. Loan from members - company shall disclose such amounts in the 'notes on accounts 'but renewal/fresh acceptance shall be in accordance with the Companies Act,2013.
11 April 2015
Sir Just in continuation, Please clarify me what is provision of Com Act, 2013 for private Ltd company if unknowingly further loan has been taken after 31.03.2014 from director and the members.
CAclubindia
