Important clauses in 3CD for loan sanctioning

• Clause 4 - Purpose of loan

• Clause 5 - Amount of loan

• Clause 6 - Repayment terms

• Clause 7 - Security for loan

• Clause 8 - Interest rate

• Clause 9 - Default and con...read more

Clause 31(a) deals with acceptance of loan or deposit in an amount exceeding the limit specified in section 269SS (i.e. Rs. 20,000). Clause 31(b) deals with receipt of specified sum i.e. money receiva...read more

Important clauses in 3CD for loan sanctioning

• Clause 4 - Purpose of loan

• Clause 5 - Amount of loan

• Clause 6 - Repayment terms

• Clause 7 - Security for loan

• Clause 8 - Interest rate

• Clause 9 - Default and con...read more

money receivable as advance or otherwise in relation to transfer of immovable property whether or not transfer takes place.

1) Customer propose EMI

2) EMI to DI

3) EMI to NBI

4) FOIR ( if required)

5) ABB( if required)

Clause 31 a and 31 b

Clause 31(a) deals with acceptance of loan or deposit in an amount exceeding the limit specified in section 269SS (i.e. Rs. 20,000). Clause 31(b) deals with receipt of specified sum i.e. money receiva...read more

Important clauses in 3CD for loan sanctioning

• Clause 4 - Purpose of loan

• Clause 5 - Amount of loan

• Clause 6 - Repayment terms

• Clause 7 - Security for loan

• Clause 8 - Interest rate

• Clause 9 - Default and con...read more

Character,Capital & Capacity

U/S 44AB CA Prepare the Financial Behalf of the Customer ,Check the Audit reports Correctly

31

SENCTION 44 AAB  and the specification of particulars, respectively.