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Indebtedness of the company (Corporate Law)

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This query is : Resolved


( Author )
16 November 2012

Hi,

I have a doubt in filing up the details of the indebtedness of the company in form 20 B.

If the date of the AGM is Sep 28, 2012 should i take into account even the interest rate for the period of 28 days instead of 30 days for the month of Sep 2012?



Regards,
Indrani


CMA. CS. Sanjay Gupta

( Expert )
17 November 2012

As per the wordings in the form we should take into account the Principal + Interest for 28 days only.

Views of other experts are also welcome.


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