Whether the debentures repayable in 10 yrs and guaranteed by the government of india , will come under secured or unsecured debentures ?
Please help!
Whether the debentures repayable in 10 yrs and guaranteed by the government of india , will come under secured or unsecured debentures ?
Please help!
secured
Dear Neha,
Debentures, secured by Government of India, will come under the head 'Secured Loans"
Refer: Schedule VI of the Compaies Act, 1956.
Regards,
Ratti Wahal
Under head "secured loans"... as per SCHEDULE VI of the COMPANIES ACT, 1956
T R SOOD & CO
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
