Charge registration

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Ritu Agarwal (Querist)
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23 July 2012 Dear All,

I have a query, in my company we applied for a bank loan of Rs. 50 crores but loan sanction was 40 crores, we didn't registered a charge meanwhile our bank loan was revised and we were sanction 45 crores loan. Now, my question is whether I have to register earlier charge of 40 crores and then go for rectification for 45 crores or I can directly register a charge of 45 crores. Please also let me the process to create a charge.

Awaiting an early response from all of you.

Thanking You,

Warm Regards

Ritu Agarwal
C.S. & LL.B.

CS. DISHA SHAH

CS. DISHA SHAH (Expert)
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23 July 2012 Hi dear,
.
As per Law: You have to file first form for 40 cr. n then modification form for 45 crores,,,
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coz if in your Agreement, of 45 Crores , name of the Agreement would be Suppl.deed of Hypo/EM..,, so.
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First check your both agreement properly then go ahead.