07 January 2013
If Company's property given as security to bank for Bank Guarantee, does this conclude to charge under sec 125 of the Companies Act, 1956 and will be required to file form 8?
Yes, if the property of the company is secured against the loan, or Guarantee for loan then it will be covered under section 125 of the Companies Act, 1956.
07 January 2013
Sir it is simply a bank guarantee not for loan but to be provided to the exchanges and for that property is given as collateral security. Now it is required? i think yes please correct me
CAclubindia
