Loan by a ltd. co. to an organisation under same mgmt.
This query is : Resolved
04 April 2014
Please Clarify whether as per the Companies Act 2013
A Ltd. Co. where all shareholders are relatives and directors are also relatives. Can the Ltd. Co. Advance any loan to an organisation where reltives of directors are partners?
A Ltd. Co. where all shareholders are relatives and directors are also relatives. Can the Ltd. Co. Advance any loan to an organisation where reltives of directors are partners?
05 April 2014
Prohibited by Section 185 of the Companies Act, 2013
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
