sir
For the purpose of Secretarial Audit of Private companies as per new amendment one of the condition is
My query is Whether the borrowings include Bank guarantees?
But - BG is Contingent Liability and shown only in Notes to the Accounts.
In this scenario, is there any logic or provision regarding considering it as borrowing?
T R SOOD & CO
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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