Secured loan in ROC form 20B
This query is : Resolved
17 October 2007
I am confuse wihile filing ROC return form
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.
Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.
Pls advise me.
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.
Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.
Pls advise me.
17 October 2007
you should mention all the actual details as in B/S.
Adhoc limit would be for short period , so you cna skip that, i feel
Adhoc limit would be for short period , so you cna skip that, i feel
17 October 2007
should be included under secured loan
17 October 2007
I think your OCC is current liabilities.
17 October 2007
Hypothecation of stock & book debts is a secured loan. Even the loan taken on Adhoc limit will fall under secured loan, since it is secured by Book Debts.
You should give the details of secured loan and interest outstanding as on the date of AGM in point No.VII of Annual Return.
You should give the details of secured loan and interest outstanding as on the date of AGM in point No.VII of Annual Return.
01 November 2007
loans against stock is secured loan only which applies to the adhoc limits also.
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