Creation of charge on vehicle loan
This query is : Resolved
28 May 2015
sir,
a company purchased a tipper worth rs 16 lakhs on lease from magma fincorp. they are not demanding for creation of charge. isit necessary to create charge with ROC. please reply
thank you
a company purchased a tipper worth rs 16 lakhs on lease from magma fincorp. they are not demanding for creation of charge. isit necessary to create charge with ROC. please reply
thank you
28 May 2015
Section 77(1) of the Act requires registration of each and
every charge created on the assets of the Company whether tangible or intangible.
every charge created on the assets of the Company whether tangible or intangible.
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