Treatment of bank overdraft
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2012
Kindly let me know whether bank overdraft will be treated as secured loan and will be mentioned in the column of "indebtedness of the company" in Annual Return of the Company.
09 November 2012
If you have given any deposit or mortgaged any property or stock for Bank od then it will be treated as secured.
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