WebNov 16, 2024 · Which has, in the aggregate, outstanding loans, debentures and deposits exceeding Rs.50 crores shall have at least 2 Independent Directors. Explanation: Paid up Capital/ turnover or Outstanding loan, debenture and deposit as the case may be as existing on the last date of latest audited financial statements shall be taken into account. WebNo, Companies Act 2006 has removed the general prohibition on a company making loans to directors. The rule has been replaced by the requirement to obtain prior shareholder approval. There are few …
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WebApr 30, 2024 · Section 2 (91) of the Companies Act , 2013 defines “ turnover ” to mean the aggregate value of the realisation of amount made from the sale, supply or distribution of goods or on account of services rendered, or both, by the company during a financial year. WebAug 19, 2024 · The DLA is a record of all money that has been either loaned to the business by the director or borrowed from the company by the director. At the company’s year-end when it’s time to prepare the annual accounts for HMRC, the DLA needs to be included on the balance sheet. This means that the company will either have an asset (where the ... nbc hd comcast
What Is a Turnover Ratio? Definition, Significance, and Analysis
WebIt includes annual turnover earned overseas and annual turnover earned in Australia, but it does not include amounts such as the GST you charge on transactions, amounts borrowed, proceeds from selling business capital assets, certain insurance proceeds and JobKeeper payments. Remember, annual turnover is a reference to gross income, not … WebNo, business loans are not generally considered business income, as it is money that you have borrowed and are paying back as opposed to money that the company has earned. … WebApr 1, 2012 · Like other HR professionals in high-turnover industries—as well as those who manage high-turnover pockets in organizations where overall turnover rates are relatively low—Minto says the key is ... marnie theme