What are the disclosure/classification requirement for "Short term Borrowings and current portion of long term debt received from Banks/FIs" in Balance sheet.
does this form part of Loan Funds? if not what are the heads covered under Loan Funds> secured loans?
18 January 2010
Disclosure requirements for secured loans as per schedule VI SECURED LOANS: (1) Debentures Terms of redemption or conversion (if any) of debentures issued to be stated together with earliest date of redemption or conversion.
(2) Loans and Advances from Banks. (3) Loans and Advances from subsidiaries. (4) Other Loans and Advances.
Loans from Directors, Manager should be shown separately. Interest accrued and due on Secured Loans should be included under the appropriate sub-heads under the head "SECURED LOANS". The nature of the security to be specified in each case. Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head
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