Loans accepted by a pvt company - section 58a & section 372a
pavan goyal (article) (76 Points)
23 July 2012pavan goyal (article) (76 Points)
23 July 2012
sangram ghatge
(company secretary in practice)
(198 Points)
Replied 23 July 2012
dear pavan,
section 372A is not applicable to pvt company. also loan taken by one company from other company, is exempted from section 58A. hence u dont need to do any compliance.
regds,
sangram
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 25 July 2012
Also deposit rules are not applicable on Private Company.
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