Related party transaction
This query is : Resolved
16 December 2015
If Company has taken LOANS & ADVANCES from its related party, Do we need to mention the same in AOC 2 or only the disclosure in Notes to Accounts is fine ?? coz as per my understanding Loans & Advances are not covered under RPT
17 December 2015
Correct. It does not come under the purview of Section 188.
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