17 June 2009
define the difference between charge and mortgage. how will create charge over the assets of the listed company also pls describe necessary documentation with ROC & others
17 June 2009
When you take loan against the security of immovable property then it is in the nature of Mortgage.
If you borrow from any bank against the security then you have to file form-8 for creation of charge with in 30 days of creation as per section 125 of companies act, 1956.
CAclubindia
