clause ( XI) of CARO
This query is : Resolved
14 May 2009
One of my client is a Ltd. O. My question is in CARO
1)Clause No. (xi) ; Company has taken CC from IDBI . Whether it is to be mentioned in this clause as IDBI is a bank and not financial institution.
1)Clause No. (xi) ; Company has taken CC from IDBI . Whether it is to be mentioned in this clause as IDBI is a bank and not financial institution.
Radheyshyam Falod
(Expert)
09 June 2009
Clause XVI states that "Whether the term loans were applied for the purpose for which the loans were obtained"
Nowhere it is mentioned that it should be from bank or a financial institution.
Nowhere it is mentioned that it should be from bank or a financial institution.
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