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Charge under section 124

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(Querist)
10 March 2011
In case of pvt compnay. compny obtain a loan by giving directiors personal security...( director house proprty ) is it necesary to submit the e form in respect of charge......
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2011 No, because the property is not in the name of the company.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
10 March 2011 Agree with Mr. Warrier. Only when charge is created on company's assets you need to file form-8.

Since in the instant case the director's personal assets are involved no need for any efiling.
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GIREESHA T L

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GIREESHA T L (Querist)
11 March 2011 thank u sir / mam

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