
Which clauses are important in 3CD while sanctioning loan


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.
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