Unsecured loan from directors & relatives
This query is : Resolved
03 April 2012
My query is whether any maximum cap or restriction so far unsecured Loans from Directors & relatives in case of Pvt.Ltd.Company i.e. closely held company in proportion to Total Share Capital & Share Premium account as per Companies Act.
If yes then provide complete details with relevant section.
Thanks in Advance.
If yes then provide complete details with relevant section.
Thanks in Advance.
03 April 2012
As such Companies (Acceptance of Deposit) Rules, 1975 are not applicable on pvt companies therefore the limits are not applicable as well..
Because the deposit from directors, shareholders and their relatives are exempted deposit in case of private company.
Because the deposit from directors, shareholders and their relatives are exempted deposit in case of private company.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
