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Regarding stock statement for cash credit limit

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(Querist)
07 August 2017 I have taken a cash credit facility from a bank. Is it mandatory to submit the stock statement monthly?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
07 August 2017 Yes. Cash credit limit for a month will be the lower of drawing power or sanctioned limit. Drawing power will be arrived after reducing margin on the value of stocks you hold

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