12 August 2015
NO, IT IS TO BE REPORTED AS APPLICATION MONEY BECAUSE IT IS PRIOR TO COMMENCEMENT OF NEW ACT OF 2013
BUT IT IS ADVISABLE TO ISSUE SHARE OR RETURN MONEY OR TRANSFER TO UNSECURED LOAN ACCOUNT. IF THAT MONEY LIES AS APPLICATION MONEY FOR MORE THAN 7 YEAR, IT IT TO BE DEPOSITED TO iepf I.E. GOVT.
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