03 July 2016
If Bank guarantee is issued by Bank on the strength of the Pledge/Mortgage of fixed deposit or immovable property, Whether it is need to be registered with ROC as a charge. Example:- 1) If the Tender alloted by Govt. of Rs. 7 Crs. and Bank Guarantte is given of 15% of 7 Crs. By Pledging / Mortgaging of Fixed Deposits or immovable property of Rs. 1,05,00,000/-
03 July 2016
BANK GURANTEE OR AMOUNT OF FIXED DEPOSITS DO NOT REQUIRE ANY KIND OF REGISTERATION WITH ROC
Querist :
Anonymous
Querist :
Anonymous
(Querist)
03 July 2016
Jatin Sir, Please Suggest me in detail where it is written about bank guarantee in companies act, 2013 And also not to create charge on immovable property of company/or otherwise on bank guarantee.