Secured loan in ROC form 20B
This query is : Resolved
17 October 2007
I am confuse wihile filing ROC return form
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.
Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.
Pls advise me.
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.
Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.
Pls advise me.
17 October 2007
you should mention all the actual details as in B/S.
Adhoc limit would be for short period , so you cna skip that, i feel
Adhoc limit would be for short period , so you cna skip that, i feel
17 October 2007
should be included under secured loan
17 October 2007
I think your OCC is current liabilities.
17 October 2007
Hypothecation of stock & book debts is a secured loan. Even the loan taken on Adhoc limit will fall under secured loan, since it is secured by Book Debts.
You should give the details of secured loan and interest outstanding as on the date of AGM in point No.VII of Annual Return.
You should give the details of secured loan and interest outstanding as on the date of AGM in point No.VII of Annual Return.
01 November 2007
loans against stock is secured loan only which applies to the adhoc limits also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
