22 August 2009
if a private company takes a loan from the director or gives a loan to the director then what are requirement under caro , As-18 in the annual report
22 August 2009
Under AS 18 the amount of loan given or taken and terms and interest rate and the amount of interest paid or received should be mentioned.
In caro report mention whehter the rate of interst is reasonable and whether it is prejudicaial to the company.
22 August 2009
as per AS-18,amount of loan weither taken or given should b maentioned along with rate of interest. caro require to mention weither condition are/or are not prejudicial to the company
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