Investment Date

[jafersadeq]

Dear Gurus,

We have two documents for investment, the director's loan agreement, and the business bank statement (which shows the transaction of investment).

The are two dates, one in the DL agreement, and one is the date of the transaction.

Which one is the investment date?

Once the lender signs the agreement, he is legally responsible for transferring the funds after that date.

Thanks

[marcnath]

That is a question best answered by your accountant. Whichever date you use has no bearing on your immigration application.

[jafersadeq]

Dear marcnath,

Reference to the new immigration rules, it is related with immigration rules:

" On 19 November 2015, Statement of Changes HC 535 introduced a requirement that investments made in the form of directors’ loans must be evidenced through readily identifiable transactions in applicants’ business bank statements. A change is being made so that this requirement only applies to investments made after 19 November 2015."

So, if you depend on the transaction date, it is after 19 Nov 2015, it was in Mar 2016, it does not show my name.
If I depend on the agreement date, I can write it before 19 Nov 2015.
Please advise,
Thanks

[marcnath]

Dear marcnath,

Reference to the new immigration rules, it is related with immigration rules:

" On 19 November 2015, Statement of Changes HC 535 introduced a requirement that investments made in the form of directors’ loans must be evidenced through readily identifiable transactions in applicants’ business bank statements. A change is being made so that this requirement only applies to investments made after 19 November 2015."

So, if you depend on the transaction date, it is after 19 Nov 2015, it was in Mar 2016, it does not show my name.
If I depend on the agreement date, I can write it before 19 Nov 2015.
Please advise,
Thanks

The investment date is dependent on your Accounts, which has to be certified by a properly qualified Accountant. So, if your accountant draws up the books to say your investment was made before 19 Nov 15, then you can argue that criteria. But it is possibly going to be challenged by HO anyway.

Having said that, there is no requirement that your name should be in the bank statement. If you personal account number is there and you show a corresponding personal bank statement, that also meets the need to be readily identifiable.