Loans and borrowing
This query is : Open
10 March 2026
As per the company Act and rules made there under,
one of the condition for the applicability of secreterial Audit is
Outstanding loans and borrowing more then 100 CR.
My question is
if the company has non fund based loan of more then 100 CR but actual fund utilisation is less then 100 CR.
(Example. company has LC limit more then 100 CR, but actual utilisation is below the threshold.)
Does company is required to have secreterial Audit or Internal Audit ?
one of the condition for the applicability of secreterial Audit is
Outstanding loans and borrowing more then 100 CR.
My question is
if the company has non fund based loan of more then 100 CR but actual fund utilisation is less then 100 CR.
(Example. company has LC limit more then 100 CR, but actual utilisation is below the threshold.)
Does company is required to have secreterial Audit or Internal Audit ?
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