Loans to/from directors & members
This query is : Resolved
13 May 2014
1.Can loans be given to/received from a pvt.ltd.co. by its directors as well as shareholders?
2.Can loans be given to/received from a pvt.ltd.co. by another pvt.ltd. co. where there is a common director?
2.Can loans be given to/received from a pvt.ltd.co. by another pvt.ltd. co. where there is a common director?
13 May 2014
1. Loan can be received from directors only. Loan cannot be given to Directors except in accordance with Section 185.
2. Loan can be received from a company by another company. Loan cannot be given by one pvt. ltd. to another pvt. ltd. where there is a common director except in accordance with Section 185.
2. Loan can be received from a company by another company. Loan cannot be given by one pvt. ltd. to another pvt. ltd. where there is a common director except in accordance with Section 185.
Message likes :
2 times
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
