Rahul Verma (CA-Final) (484 Points)
24 May 2016Dear Friends,
During the Audit we not used to check the terms and conditions of loan if accepted by company from related party (In exceptional cases). Herein i am attaching sheet under which a general terms and condition sheet attached through we can accept a declaration made by company and director on loans.
Kindly share your's view on this for further changes.
Rahul Verma
rahulverma3055 @ gmail.com
Rahul Verma
(CA-Final)
(484 Points)
Replied 24 May 2016
Dear Friends,
During the Audit we not used to check the terms and conditions of loan if accepted by company from related party (In exceptional cases). Herein i am attaching sheet under which a general terms and condition sheet attached through we can accept a declaration made by company and director on loans.
Kindly share your's view on this for further changes.
Rahul Verma
rahulverma3055 @ gmail.com
CAclubindia
