Can a private company receive unsecured loan from its promoter company, which is a foreign company ?
Menu
Unsecured loan from foreign promoter company
Replies (1)
Yes, amount received from a foreign body corporate etc. is not a deposit [Ref. Rule 2(1)(c)(ii) of Companies (Acceptance of Deposits) Rules 2014.]. But this is subject to compliance of other provisions like Sections 179, 180 etc.
Recent Threads
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
Related Threads
CAclubindia
