Secured or Unsecured Loan
This query is : Resolved
19 January 2009
Requested you please guide me on below mentioned query.
If a Ltd. company has some loan from bank which is secure by the director property (as a guarantor of the said loan) will be classified as secure loan or it will be treated as unsecured loan for company to show the figure in Balance sheet. Please put your suggestion keeping in mind Company act requirement
Regards,
CA Akalesh S Rawat
If a Ltd. company has some loan from bank which is secure by the director property (as a guarantor of the said loan) will be classified as secure loan or it will be treated as unsecured loan for company to show the figure in Balance sheet. Please put your suggestion keeping in mind Company act requirement
Regards,
CA Akalesh S Rawat
19 January 2009
Secured Loans-Please visit the following:
http://www.thehindubusinessline.com/mentor/2007/05/21/stories/2007052100501200.htm
http://www.moneycontrol.com/stocks/company_info/notestoaccount.php?sc_did=HCM
http://www.thehindubusinessline.com/mentor/2007/05/21/stories/2007052100501200.htm
http://www.moneycontrol.com/stocks/company_info/notestoaccount.php?sc_did=HCM
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