Regarding acceptance of loan
This query is : Resolved
04 August 2015
sir,
i want to know if, HUF is a proprietor of a proprietorship firm and their karta is a director in a pvt. ltd. company. in this case company can accept loan from that proprietorship Firm.
i want to know if, HUF is a proprietor of a proprietorship firm and their karta is a director in a pvt. ltd. company. in this case company can accept loan from that proprietorship Firm.
07 August 2015
Mr. Amit,
In case of Private Company. Comapny can take loan only from the following:
Directors (its owned fund)
Members upto 100% of paid up share capital and free reserve
inter corporate loan.
Loan from the HUF or Proprietor Firm will consider as deposit. Which private Company can't accept.
In case of Private Company. Comapny can take loan only from the following:
Directors (its owned fund)
Members upto 100% of paid up share capital and free reserve
inter corporate loan.
Loan from the HUF or Proprietor Firm will consider as deposit. Which private Company can't accept.
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
