A non exec director of a company called D is also the secretary but not member of a registered society called ABC. In light of this: (a) Will a loan given by the ABC society to D company be considered as a deposit under CA, 2013? (b) Will a loan given by the ABC society to D company be considered as a related party transaction under CA, 2013? (c) What if ABC society is registered outside India?
(a) Will a loan given by the ABC society to D company be considered as a deposit under CA, 2013?
(b) Will a loan given by the ABC society to D company be considered as a related party transaction under CA, 2013?
(c) What if ABC society is registered outside India?
TIA.