Term Loan
This query is : Resolved
15 December 2010
One can Please help me that what are the things to be check in term Loans
Pl It should be Exper Advice
Pl It should be Exper Advice
Aditya Maheshwari
(Expert)
15 December 2010
1 If the company has obtained any term loans during the year or earlier year, obtain a list of loans and the purpose for which obtained as per the sanctions letter.
2 Verify that the loans are applied for the purpose for which they were obtained.
3 If any of the loan still remains to be applied; Whether the same has been kept separately in bank for future application?
4 Obtain confirmation from company that it shall be applied for the same purpose for which they have obtained.
2 Verify that the loans are applied for the purpose for which they were obtained.
3 If any of the loan still remains to be applied; Whether the same has been kept separately in bank for future application?
4 Obtain confirmation from company that it shall be applied for the same purpose for which they have obtained.
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