Hi
What is the procedure for taking a loan (short term / long term) from a Shareholder (member who is not a director) by a listed company? Is there any specific documentation required?
Regards
Sarada
1 Replies
Jyotika
(study study n study)
(147 Points)
Replied 01 April 2011
A Public ltd. company cannot accept loan from its members it will fall in category of deposit section 58A and acceptance of deposit rules shall be applicable.
csjyotika
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
