debentures in balance sheet


Audit Officer

Whether the debentures repayable in 10 yrs and guaranteed by the government of india , will come under secured or unsecured debentures ?

Please help!

 
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CA (Ahmedabad Bhilwara Chittorgarh)

secured

 
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Company Secretary

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 

 
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Internal Auditor cum Senior Executive - Finance & Accounts

Under head "secured loans"... as per SCHEDULE VI of the COMPANIES ACT, 1956

 
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CA FINAL

i think piyush is right
 
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Senior Auditor In Bank Audit Dept. And Income Tax dept.

any advances or loans which are guaranted or secured by any government are comes under secured assets

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