Section 18A

Maintenance of adequate provision for bad and doubtful debts

of Finance Companies Act 1967

ActIn forceProvision 20 of 69

Every finance company must make provision for bad and doubtful debts and, before any profit or loss is declared, ensure that the provision is adequate.

Read in full context — Finance Companies Act 1967 →

Section 18A

Maintenance of adequate provision for bad and doubtful debts

of Finance Companies Act 1967

ActIn forceProvision 20 of 69

Every finance company must make provision for bad and doubtful debts and, before any profit or loss is declared, ensure that the provision is adequate.

Read in full context — Finance Companies Act 1967 →