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Treatment of bank overdraft

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Querist : Anonymous

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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.
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Anand Modi

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Anand Modi (Expert)
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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