Any amount received as -
(i) A loan or facility from any banking company; or
(ii) From the state Bank of India or any of its subsidiary banks; or
(iii) From a banking institution notified by the Central Government under
section 51 of the Banking Regulation Act, 1949 (10 of 1949); or
(iv) A corresponding new bank as defined in clause (d) of section 2 of the
Banking Companies (Acquisition and Transfer of Undertakings) Act,
1980 (40 of 1980); or
(v) From a cooperative bank as defined in clause (b-ii) of section 2 of the
Reserve Bank of India Act, 1934 (2 of 1934).
CLIENT HAS TAKEN A BANK GUARANTEE FROM ICICI BANK OF 1.6 CR BUT HAS NOT AVAILED ANY OVERDRAFT OVER THAT BG. DO WE NEED TO REPORT THE SAME IN DPT 3 FORM IN THE ABOVE MENTIONED CLAUSE.
THANK YOU
CAclubindia
