Charge creation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2014
A Limited company availed loan from a bank by pledging Fixed deposits of the company. Whether charge is to be created as per Companies Act,2013.
22 May 2014
yes, Company have to create.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2014
As per clause 8(a) of e-form CHG-1 pledge of movable property is excluded from charge creation. Pl see page 28 in the link given below.
http://www.mca.gov.in/Ministry/pdf/NCARules_Chapter6.pdf
http://www.mca.gov.in/Ministry/pdf/NCARules_Chapter6.pdf
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