indebted meaning

04 December 2018

is that any definition of indebted ??
can any one explain the exact meaning of the same

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177801 Points)
Replied 04 December 2018

Indebtedness is the state of owing something (usually money) to someone.

Indebted in Gujarati .... is ધિરાણ

Priyanshu Shah (29 Points)
Replied 04 December 2018

thx for the reply
but I want some legal meaning i.e what is included and what is excluding in indebtnes

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177801 Points)
Replied 04 December 2018

As per companies act

Every annual return filed in pursuance of the section 92 to the Companies Act, 2013

should contain the following information under ..... INDEBTEDNESS

– Secured loans excluding deposits;

– Unsecured loans;

– Deposits;

– Total indebtedness at the beginning of the financial year, changes during the financial year and indebtedness at the end of the financial year.

Shrikant (Associate) (350 Points)
Replied 04 December 2018

May I know for what purpose you want to know the meaning of indebtness as it is very exhaustive term.

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