Query on Reporting of SFT-008 in Form 61A for FY20-21 (Urgent)

[Arjun Gupta]

A Private Limited Company was having Directors Loans which was received by the Company in FY18-19 and FY19-20 of Rs. 50 Lakhs. Such Loans which were already standing in books of accounts as at 01-04-2020 were converted into Equity Share Capital in FY20-21. My Query is:

(1) Whether such issue of shares to directors will be reported in SFT-008?

(2) Also, the Company has received more than Rs. 10 Lakh from a foreign national of US and has alloted Preference Shares in same FY20-21. Whether such receipt of money require to be reported in SFT-008?

Thanks and Regards

Arjun Gupta | CA, LLB, B.Com (H)

Gupta Arjun & Co

Practicing Chartered Accountants 

Email: arj...@gmail.com