Unsecured loans with the Co. as at 31st March 2014 Query by Amresh Vashisht on Saturday, June 21, 2014 at 04:01 PM Companies are carrying unsecured loan which are generally repayable on demand .If the Board decide to eliminate all the loans outstanding as on 31st March 2014 by 31st March 2015 .I dnt think we need to file DPT-4 upto 30th June as by virtue of section 74(1)we have to file DPT-4 within a period of three months from commencement or from the date on which such payments, are due.So JUNE 2015 shall be a proper date for DPT-4. Kindly Clarify Replied byCompany Law Scholar V.S. Datey Sunday, June 22, 2014 at 09:14 AM Really there is drafting mistake and the words whichever is earlier are not there Hence u can take advantage of the drafting mistake and say that return is not required However, if there is nothing to hide, advisable to file return instead of entering into disputes V S
Posted on: Mon, 23 Jun 2014 06:04:15 +0000
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