CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 15 August 2015
The auditor shall give disclosure of related party in notes of accounts explaining all the transactions done by the company with directors or other related parties including any purchase, sale, job work, loan, interest, rent etc.
Poonam
(prop)
(130 Points)
Replied 17 August 2015
prakash
(Company Secretary)
(1352 Points)
Replied 17 August 2015
Poonam,
Yes, Company has to disclose about all related parties in note to accounts along with type of transaction and quontum of transactions.
SUNIL KUMAR JAIN
(PRACTISING COMPANY SECRETARY)
(187 Points)
Replied 22 August 2015
Disclosures are to be made as per Accounting Standard -18
CAclubindia
