Charge registration

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Darpan Jain (Querist)
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18 November 2011 What are the provision for registration of charge for Guarantor Companies.

Is it compulsory to file Form 8 by guarantor company.

Veeraraghava Narasimhan

Veeraraghava Narasimhan (Expert)
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18 November 2011 The Company which is getting the loan must file Form 8

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Darpan Jain

Darpan Jain (Querist)
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19 November 2011 That is accepted but what about the liability of guarantor company...?
As guarantor is also liable it should also file Form No. 8

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Mukta Suyal

Mukta Suyal (Expert)
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20 November 2011 As per Section 125 of the Companies Act, 1956, the company which creates charge is required to file Form 8 with the ROC within 30 days of the creation of the charge.

Hence, in your the company which gives guarantee is not required to file form 8 separately.