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Filing Form 8 with ROC in case of OD Loan against FDR

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(Querist)
19 January 2011
Sir,

Please suggest me, is it necessary to file form 8 with the ROC for creation of Charge in case OD Loan against FDR.

Thanks
Ashish Shrivastava
Company Secretary
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 January 2011 This is a case covered under section 125(4)(e) of the Companies Act,1956, and hence creation of charge by filing e-form 8 is not necessary.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
20 January 2011 Since the company is pledging the FDRs with the Bank, no need to file e-form 8.
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