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Chg - 1 is to be filed in case of loan hypothecation

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(Querist)
09 January 2016 Whether Chg -1 is to be filed in case of loan taken hypothecation of vehicle, please also provide in which section mention this clause.
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CA. Divyansh Agarwal

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CA. Divyansh Agarwal (Expert)
09 January 2016 yes chg-1 is applicable on the hypothecation of vehicle if loan is name of company.

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