Company Secretary & DY GM A/cs
61 Points
Joined June 2008
To consider any loan as Secured or unsecured, I feel you must examine whtether on any assets of the Company a Charge has been created and filed weith ROC in f avour of the lender or not. If created, it is secured and otherwise it is unsecured loan. Personal Guarantee Offered by Direcors is no point for consideration for this purpose..