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A Pvt Company take Unsecured Loan from Partnership
Firm .What are the Auditor's reporting requirement under
CARO U/S 227(4A)?
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Answer Posted / naresh dubey
the auditor has to verify if the partnership firm is a
related party to the company from the register maintained by
the co u/s 301. if yes he has to mention the name of the
firm and amount of the transaction. also he has to mention
the fact that the loan is unsecured
| Is This Answer Correct ? | 2 Yes | 1 No |
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