Nutan (Employee) 21 May 2011
Dear Sir,
I want to be enlightened on the following specific points
I will be grateful if sufficient light is thrown on the above issues and they are clarrified.
Regards,
Nutan.
A V Vishal (Advocate) 21 May 2011
| Originally posted by :Nutan | ||
| " |
Dear Sir, I want to be enlightened on the following specific points Whether Section 58A of the Companies Act,1956 has no or limited application to Private limited Companies. Whether Private limited companies can take Inter-corporate deposits/unsecured loans and show them under the head unsecured loans in their Balance Sheets. I will be grateful if sufficient light is thrown on the above issues and they are clarrified. Regards, Nutan. |
" |
58A is fully applicable to Private Limited companies. However, there is no bar on acceptance of ICD by the company.
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