March 30, 2015 - India ITR

Loan Received by Private Company before 01-04-2014 not a deposit if received from member, director or their relatives

Company Law, MCA/ SEBIBy Himanshi March 30, 2015

MCA has issued following circular giving clarification regarding receiving of loan by private company from members, directors or their relatives. As per this notification, any loan received before 1st Apr-2014 is not to be considered ‘deposits’ under Companies Act 2013 and Companies (Acceptance of Deposits) Rules, 2014. Complete notification is given below: General Circular No.…

Universal Account No. (UAN)

Employees Provident Fund (EPF), Investment and Savings, Universal Account Number (UAN)By Himanshi March 30, 2015

UAN stands for Universal Account Number. The UAN acts as an umbrella for the multiple Member Ids allotted to an individual by different establishments. Purpose behind this UAN is to link multiple Member Identification Numbers (Member Id) allotted to a single member under single Universal Account Number. This will help the member to view details…