Question ID :
39331
072433
While generating UDIN for statutory Audit under companies Act, question is asked what is shareholder's / owner's fund. Does it include loan from shareholders?
Posted by
CA SHAILESH S. URDHWARESHE
on
Aug 05, 2019
Filed Under
AUDIT
Sir
Please reply guidelines to Point 5 where it is cleared,
Thanks
CHARAN DASS SHARMA
Posted by
Charan Dass Sharma on
Aug 05, 2019
Answer ID :
79097
Do not include loan from shareholders.
Posted by
B.CHACKRAPANI WARRIER on
Aug 06, 2019
Answer ID :
79101
No. It refers to equity of the company. Hence doesn't include loan from shareholders.
Posted by
CA. chunauti dholakia on
Aug 09, 2019