Advance against Supply of Goods and Services

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....dvance against Supply of Goods and Services<br> Query (Issue) Started By: - Shyam Naik Dated:- 6-3-2016 Last Reply Date:- 18-9-2016 Corporate Laws / SEBI / LLP<br>Got 3 Replies<br>Companies Law<br>Dea....

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....r Experts, A newly incorporated Pvt Ltd Company had taken interest free advances for from its holding company during 2012-13. the advance was taken for meeting its expenses. The Pvt Ltd Company was e....

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....ngaged in sourcing long term coal supply for upcoming power plant of fellow subsidiary. The plant is yet to be operational. Whether the amount shall be treated as deposit under the Companies Act 2013....

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..... Kindly opine. Shyam Reply By Ganeshan Kalyani: The Reply: In my view it should fall under Loans and Advances Account in Balance Sheet. Reply By KASTURI SETHI: The Reply: I agree with the view....

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....s of Sh.Ganeshan Kalyani Sir. Otherwise also the terms &#39;Advance&#39; and &#39;Deposit&#39; are contradictory. Reply By MARIAPPAN GOVINDARAJAN: The Reply: It will be termed only as loan and not a....

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....s deposits.<br> Discussion Forum - Knowledge Sharing ....