Charge creation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2018
ABC PVT LTD (Holding Company) has given guarantee to bank for loan availed by its wholly owned foreign subsidiary .in this case charge creation under section 77 of companies act 2013 is necessary ?
was it necessary under companies act 1956?
was it necessary under companies act 1956?
31 January 2018
No. transaction covered by the deeds of guarantee is not a registrable charge. Guarantees do not require registration
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