hello friends,
Pvt ltd company has taken secured car term loan from bank. But form 8 has not been filled till date. Whether this point should be mentioned in compliance certificate or not.
plz reply its urgent.
Menu
Compliance certificate
Replies (1)
This is not a voilation of the section 125 of the Act, because for vehicle loan hypothecation is created and hypothecatin is a type of pleage and pleage is outside the purview of section 125.
Therefore, secured loan may be disclosed in the report but nothing to report about the creation of charge.
Recent Topic
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
Related Topics
CAclubindia
