Pvt ltd co
This query is : Resolved
18 July 2012
1)can directors relatives give loans to pvt ltd co? 2)if pvt ltd co has term loan or cc 3)can pvt ltd co give loan to any pvt ltd co and receive interest? what procedure do we need to follow for above in the companies act?
26 July 2012
1. As per Section 58 A a private Company can take loan from its director, relative of Directors and members of the company (refer Sec 58 A
2. A company can give loan to other company subject to the Ceiling of Sec 372 A
2. A company can give loan to other company subject to the Ceiling of Sec 372 A
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- 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
Trending Online Classes
CAclubindia
