feeleminds.com

Your Knowledge Partner!

Indebtedness in the Annual Return

Companies Act | Rules | Company Law Board | MRTP | Competition Act | Depositories Act | SICA | eFiling queries | Bugs | SEBI Guidelines | SEC rules | Investor Protection | Independent Directors | Listing Agreement | Takeover Code | Corporate Governance | Audit Committee

Moderators: srinivasaraghavan, feele, sumitpahwa

Indebtedness in the Annual Return

Postby anantpanda » Wed Nov 18, 2009 2:29 pm

Dear All,

This is with reference to the figures to be given in case of Indebtedness of the company in the Annual Return to be filed by the company as per schedule V of the companies Act.

Please tell, if the short term secured loans have to be excluded from the indebtedness of the company. If so, send me the notification/ circular/ clarification by mca, if any.

Thanks
anantpanda
Trainee eMind !
 
Posts: 10
Joined: Thu Jan 01, 1970 5:30 am

Re: Indebtedness in the Annual Return

Postby pca » Wed Nov 18, 2009 2:59 pm

We are required to give amount of all secured loans whether short term or long term.
PC Agrawal
Aurangabad (Maharashtra)
pca
Knowledge Guru
 
Posts: 1124
Joined: Sun Jul 08, 2007 9:35 am
Location: Aurangabad (Maharashtra)

Re: Indebtedness in the Annual Return

Postby anantpanda » Wed Nov 18, 2009 3:47 pm

Thanks,

Would you check the guidance note issued by ICSI for signing the Annual Return and tell me, if the same is available with you,
anantpanda
Trainee eMind !
 
Posts: 10
Joined: Thu Jan 01, 1970 5:30 am

Re: Indebtedness in the Annual Return

Postby sbanik_cs » Thu Nov 19, 2009 10:35 am

Agree with Mr. PCA.
sbanik_cs
Addict eMind !
 
Posts: 106
Joined: Mon Jul 21, 2008 5:03 pm

Re: Indebtedness in the Annual Return

Postby HinnaGarg » Thu Nov 19, 2009 10:46 am

secured loans include both short term as well as long term.
HinnaGarg
Addict eMind !
 
Posts: 140
Joined: Mon Feb 23, 2009 1:28 pm

Re: Indebtedness in the Annual Return

Postby anantpanda » Fri Nov 20, 2009 10:39 am

Is there any written text/ clarification from the department to support that the indebtedness of the company includes all secured loans whether short term or long term?
anantpanda
Trainee eMind !
 
Posts: 10
Joined: Thu Jan 01, 1970 5:30 am


Return to Corporate Law

Who is online

Registered users: agustinj93, Bing [Bot], Google [Bot]

cron

eMinds Legal Counsulting Pvt. Ltd.
D-126, 2nd Floor, Sector 56,
Gurgaon -122011, India,

(O): +91 11 426 0141

(E) : info@emindslegal.com
(W): www.emindslegal.com

Subscriptions

Registration to both the below newsletters is free and entitles you to receive 1 mail per day. We don’t Spam and you can unsubscribe anytime.

Corporate Law Reporter -  the daily journal

We regularly send legal updates related to Corporate Laws, FEMA, Compliances and Direct & Indirect Taxation.

Click here to register your email id for Daily Legal updates from Corporate Law Reporter - the Daily Journal.

feeleminds.com discussion forums

Click here to Subscribe to feeleminds discussion forums to get the gist of all discussions exchanged during the day

Our Service Offerings:

CORPORATE LAWS | FEMA | COMPLIANCE AUDITS | STPI | SEZ | CYBER LAWS | PRIVATE EQUITY | CORPORATE RESTRUCTURING

Follow us on

This legal update is the copyright of eMinds Legal. The update is not intended to be a form of solicitation or advertising. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate thereafter. No person should act on such information without appropriate professional advice based on the circumstances of a particular situation.