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Amount of Indebtedness of the Company in FORM 20B

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Amount of Indebtedness of the Company in FORM 20B

Postby anilshenoyb » Wed Nov 14, 2007 8:33 pm

Dear Emind Friends,

In Form 20B (Annual Return), which amount should be given as indebtedness (i.e Secured Loans) of the company.

Kindly Reply
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Postby DSR » Thu Nov 15, 2007 9:12 am

amount will be indebtedness (meaning is mentioned in form itself) as on date of AGM (for e.g. 30th September)
It is not required to know what LAW is but WHERE is.

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Postby snswamyfcs1956 » Thu Nov 15, 2007 9:49 pm

Dear friends

i am of the opinion that the secured loan details shall be given as on the date of the balance sheet and not on the date of the AGM. different compnanies are having different dates of AGM. it is practically difficult to complie the figures etc. So it is the date of the balance sheet to be reckoned

s.narayanaswamy
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Postby DSR » Fri Nov 16, 2007 9:48 am

Dear SIr,

Annual return is made upto date of AGM. SO even changes in directorship, transfers, share capital after Balance sheet period is reported in Annual Return.
It is not required to know what LAW is but WHERE is.

Abnormals create History and Normals read it.
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Postby Veena Shetty » Fri Nov 16, 2007 12:40 pm

I completely agree with Mr. Dhanesh. the amount shud be taken as on the date of the AGM and not B/S date.
Also refer Clause 4 of Part I of Schedule V of the Companies Act, 1956.
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