Breach of Covenants of a Loan - 'Classification change' under Ind AS

CA Anuj Agrawal , Last updated: 28 April 2017 Share Follow on Google News

Almost every loan agreement will be carrying some of the terms and conditions that are required to be fulfilled by a borrower to keep that loan continue as per the agreed terms OR an immediate re-payment might be initiated which can end the relationship related to the debt. Often these terms are

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About the Author

CA Anuj Agrawal

IFRS/ GST Professional

14+ years of experience into FINANCIAL REPORTING includsGAAP CONVERSIONS (IFRS/IND-AS USGAAP) and having subject matter expertise. - Fellow member of ICAI - Certified Forensic Accountant from ICAI - Cert in IFRS from ACCA (UK) - and having various certificates from other Institutions e.g.University of Verg ... Read more

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